Singapore legislation

Regulation 6

of Multinational Enterprise (Minimum Tax) Regulations 2024

Regulation 6

Conversion of amount in functional currency for DTT purposes

For the purpose of section 9(6), the conversion of an amount in the functional currency into the currency in section 9(6)(a) or (b) is to be made in accordance with the applicable rules (including any applicable guidance for hyperinflation) in the Accounting Standards made or formulated under Part 3 of the Accounting Standards Act 2007.