Singapore legislation
Regulation 37
Regulation 37
Purpose and application of this Part
Subregulation 1
This Part sets out the adjustments that must or may be made for the purpose of arriving at the adjusted covered taxes of a constituent entity of an MNE group.
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 a constituent entity are to the standalone JV or the entity;
(d)
other modifications in the provisions of this Part.