Laws
Multinational Enterprise (Minimum Tax) Act 2024
Part 9
s 77

In forceUpdated to 20 Mar 2025Current version · Updated to 20 Mar 2025See versions on Singapore Statutes Online(opens the publisher’s site)

Contents

Multinational Enterprise (Minimum Tax) Act 2024

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1Preliminary

1Short title and commencement
2Interpretation
3“Flow‑through entity”, “reverse hybrid entity” and meaning of fiscal transparency
4“Permanent establishment” and “main entity”
5Jurisdiction where entity or permanent establishment is located
6Jurisdiction where entity is located: 2 or more jurisdictions
7Minimum rate
8MNE group to which this Act applies
9Currency
10Act to be construed as one with ITA

2MTT

11Purpose of this Part
12Entity chargeable with MTT
13Responsible members of MNE group
14Amount of MTT chargeable on chargeable entity
15Top‑up tax for relevant entity other than investment entity or insurance investment entity
16Top‑up amounts of constituent entities other than special entities
17Effective tax rate for constituent entities other than special entities
18Substance‑based income exclusion for constituent entities other than special entities
19De minimis exclusion
20GloBE Safe Harbours
21Additional current top‑up amount for constituent entities other than special entities
22Top‑up amounts of stateless entities
23Top‑up amounts of minority‑owned constituent entities and members of minority‑owned subgroup
24Top‑up tax for investment entities and insurance investment entities
25Application of this Part to joint ventures and JV subsidiaries
26Multi‑parent groups

3DTT

27Purpose of this Part
28DTT payable in respect of MNE group and amount of DTT
29Top‑up amount of MNE group
30Top‑up amounts of constituent entities

4Registration of Mne Group and Designation of Designated Local Gir Filing Entity and Designated Local Dtt Filing Entity

31Registration of MNE group
32Registration of MNE group by Comptroller
33Designated local GIR filing entity
34Designated local DTT filing entity
35Ultimate parent entity of registered MNE group must inform Comptroller of certain events
36Surcharge for failure to register
37Record keeping
38Cancellation or suspension of registration

5Returns, Payment of Mtt and Dtt and Information‑Gathering Powers

39Returns deemed furnished by due authority
40GloBE information return
41Returns of MTT
42Payment of MTT
43Returns of DTT
44Payment of DTT
45Election to pay amount attributable to an entity separately
46Power of Comptroller to obtain information
47Powers of arrest and disposal of items furnished or seized
48Information may be used for administration of Act

6Assessments, Objections and Appeals

49Assessment
50Assessment in event of failure to register
51Assessment in event of fraud
52Errors and defects in assessment and notice
53Objections
54Appeals to Board of Review
55Appeals to General Division of High Court
56Cases stated for General Division of High Court
57Assessments are final and conclusive

7Collection, Recovery and Repayment of Mtt or Dtt

58Recovery of unpaid MTT, interest and penalty
59Recovery of unpaid DTT, interest and penalty
60Repayment of MTT and DTT
61Right of contribution
62Relief against double-counting
63Relief in respect of error or mistake

8Offences

64Failure to make return
65Failure to keep proper records
66Failure to file GloBE information return and notice
67Penalty for information in GloBE information return or notice known to be false or misleading
68Penalty for incorrect return, etc.
69Serious fraudulent tax evasion
70Offences by authorised and unauthorised persons
71Offence for obstructing Comptroller or officers
72MTT or DTT payable despite any proceedings
73Consent for prosecution
74Application of ITA provisions on offences
75Composition of offences

9Miscellaneous

76Authorisation of officers
77Liability of managers of entities
78Duty of liquidator, etc., on winding up of entity
79Provisions relating to interest and penalty
80Saving for criminal proceedings
81Admissibility of certain statements and documents as evidence
82Protection of informers
83Application of other ITA provisions
84Regulations
85Related amendments to Income Tax Act 1947
86Related amendments to Inland Revenue Authority of Singapore Act 1992

Schedules

1Definitions for other expressions
2SECOND SCHEDULESection 18(2) and (3)1. In section 18(2), the applicable percentage is —(a)for a financial year beginning in 2023, 10.0%;(b)...

Multinational Enterprise (Minimum Tax) Act 2024 · Updated to 20 Mar 2025 · Part 9 · Miscellaneous

77. Liability of managers of entities

No plain-English summary for s 77 yet. See the rest of this law

Official textFrom Singapore Statutes Online, unchanged

The manager or principal officer in Singapore of every entity is answerable for doing all such acts, matters and things as are required to be done by the entity under this Act.

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Read on from s 78

Schedules

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Details

Multinational Enterprise (Minimum Tax) Act 2024 · s 77

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Where this comes from

Singapore Statutes Online · Multinational Enterprise (Minimum Tax) Act 2024, Updated to 20 Mar 2025. Reader record updated on 7 Oct 2026.

Singapore legislation is Government copyright, used with the permission of the Attorney-General’s Chambers. Check Singapore Statutes Online for the latest version.

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