Singapore legislation
Regulation 81
Regulation 81
Disqualifying conditions for joint ventures and JV subsidiaries
Subregulation 1
Conditions A, B, C, D and E in regulation 80 (as modified by paragraph (2)), and Condition F, are disqualifying conditions for the purposes of regulation 78(2)(b) in relation to an MNE group and a jurisdiction.
Subregulation 2
Conditions C and D in regulation 80 are modified as follows:
a reference in those Conditions to the MNE group is to the joint venture (if it is a standalone JV) or the JV group of which the joint venture or JV subsidiary is a part, as the case may be;
a reference in Condition C to a constituent entity of the MNE group is to the joint venture or JV subsidiary;
a reference in Condition D to a constituent entity of the MNE group includes the joint venture or JV subsidiary.
Subregulation 3
Condition F is that the law of that jurisdiction imposing a qualified domestic minimum top-up tax does not impose such tax on the joint venture or JV subsidiary.