Singapore legislation

Regulation 65

of Multinational Enterprise (Minimum Tax) Regulations 2024

Regulation 65

Application of this Part

Subregulation 1

Divisions 2 and 3 apply for the purposes of determining, for Part 2 of the Act, the top‑up amount of a relevant entity of an MNE group.

Subregulation 2

Division 4 applies for the purposes of determining, for Part 2 of the Act, the top‑up amount of a relevant entity of an MNE group but not one that is a joint venture or JV subsidiary connected to an MNE group.

Subregulation 3

Division 2 applies for the purposes of determining, for Part 3 of the Act, the top‑up amount of a constituent entity of an MNE group located in Singapore or a joint venture or JV subsidiary connected to an MNE group located in Singapore.

Subregulation 4

Division 4 applies for the purposes of determining, for Part 3 of the Act, the top‑up amount of a constituent entity of an MNE group located in Singapore but not a joint venture or JV subsidiary connected to an MNE group located in Singapore.