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Prescribed entities and periods for record keeping requirements

Multinational Enterprise (Minimum Tax) (Administrative Matters) Regulations 2025

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—(1) A prescribed entity of an MNE group must keep and retain in safe custody the records that satisfy the requirement in section 37(2) for the following periods: (a)for any record that relates to the MTT payable by a chargeable entity of the MNE group —(i)if the record is, or is information used in computing or as evidence of, any information under regulation 32, 40(1) to (5) or (8), 46 or 48 of the Multinational Enterprise (Minimum Tax) Regulations 2024 — till 31 December of the 10th year after the year in which the due date for the MTT mentioned in section 41(3)(a) or (b) (whichever is applicable) falls; or(ii)if the record is, or relates to, any other matter — till 31 December of the 5th year after the year in which the due date for the MTT mentioned in section 41(3)(a) or (b) (whichever is applicable) falls;(b)for any record relating to DTT payable in respect of the MNE group —(i)if the record is, or is information used in computing or as evidence of, any information under regulation 32, 40(1) to (5) or (8), 46 or 48 of the Multinational Enterprise (Minimum Tax) Regulations 2024 — till 31 December of the 10th year after the financial year to which the DTT relates; or(ii)if the record is, or relates to, any other matter — till 31 December of the 5th year after the financial year to which the DTT relates.(2) For the purposes of paragraph (1), the prescribed entities are —(a)for any record satisfying the requirement in section 37(2) that relates to the MTT payable by a chargeable entity of an MNE group for a financial year — each responsible member of the MNE group; or(b)for any record satisfying the requirement in section 37(2) that relates to the DTT payable in respect of an MNE group for a financial year — each constituent entity of the MNE group located in Singapore, each joint venture or JV subsidiary connected to the MNE group located in Singapore, and each section 29(b) entity of the MNE group.

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