Singapore legislation
Regulation 71
Regulation 71
De minimis test
Subregulation 1
The de minimis test is met for a jurisdiction in a financial year if —
the total revenue of the constituent entities of the MNE group in that jurisdiction for that financial year as reported on its qualifying country‑by‑country report is less than EUR 10 million; and
a total profit of less than EUR 1 million, or a loss, before income tax of those constituent entities of the MNE group in that jurisdiction for that financial year, is reported on its qualifying country‑by‑country report.
Subregulation 2
Where the constituent entities of an MNE group in a jurisdiction include an entity held for sale and the revenue of that entity is not otherwise included in the amount determined for the purposes of paragraph (1)(a), that revenue is to be so included.