Singapore legislation

Regulation 10

of Multinational Enterprise (Minimum Tax) Regulations 2024

Regulation 10

Purpose and application of this Part

Subregulation 1

This Part sets out the adjustments that must or may be made to the FANIL of a constituent entity for a financial year for the purpose of determining its GloBE income or loss for that financial year.

Subregulation 2

This Part applies to a standalone JV or an entity of a JV group with the following modifications:

(a)

except in sub-paragraph (b), references to an MNE group are to the standalone JV or the JV group of which the entity is a part;

(b)

references to the filing entity of an MNE group are to the filing entity of the MNE group to which the standalone JV or entity is connected;

(c)

references to the ultimate parent entity of an MNE group are to the standalone JV or the joint venture of the JV group;

(d)

references to a constituent entity are to the standalone JV or the entity;

(e)

other modifications set out in the regulations.

Read in full context — Multinational Enterprise (Minimum Tax) Regulations 2024 →