Singapore legislation
Regulation 6
of Multinational Enterprise (Minimum Tax) (Administrative Matters) Regulations 2025
Regulation 6
Prescribed events under section 35
Subregulation 1
For the purposes of section 35, each of the following is a prescribed event relating to a registered MNE group:
an event that results in a change to any matter in section 31(2) as notified by the ultimate parent entity of the MNE group to the Comptroller, or to any matter notified to the Comptroller under this sub‑paragraph; (b)a change in the accounting period for which the ultimate parent entity of the MNE group prepares its consolidated financial statements;
in a case where a constituent entity of the MNE group located in Singapore or a section 29(b) entity of the MNE group is X as defined in regulation 93(1)(a) of the Multinational Enterprise (Minimum Tax) Regulations 2024 — the event described in regulation 93(1)(b) of those Regulations, as a result of which regulation 93 of those Regulations applies in relation to X.
Subregulation 2
The prescribed time for the purposes of section 35 is 6 months after the end of the financial year in which the event mentioned in paragraph (1) occurs.
Subregulation 3
To avoid doubt, for the purposes of paragraph (1)(b), the reference in paragraph (2) to the financial year is to the last financial year before the financial year in which the change mentioned in paragraph (1)(b) occurs.
Subregulation 4
The Comptroller may, in any particular case, extend the time under paragraph (2) if the Comptroller is satisfied that it is reasonable and appropriate to do so, having regard to —
whether the non‑compliance with the prescribed time in informing the Comptroller of the prescribed event was due to any circumstances beyond the control of the ultimate parent entity;
the nature and complexity of the matter; (c)whether the ultimate parent entity had acted in good faith and made reasonable efforts to inform the Comptroller of the prescribed event within the prescribed time; and
any other relevant matter.