Singapore: Multinational Enterprise (Minimum Tax) Bill (No. 33/2024)
Progress
Current status
adopted
15 Oct 2024 adopted
09 Sep 2024 under deliberation
Scope
Implementers
Singapore
Policy Area
Taxation
Policy Instrument
Direct taxes including Digital Service Taxes
Regulated Economic Activity
cross-cutting
Government Branch
legislature
Government Body
parliament
Implementation Level
national
Timeline of events
Adopted Multinational Enterprise (Minimum Tax) Bill (No. 33/2024)
On 15 October 2024, the Multinational Enterprise (Minimum Tax) Act (No. 33/2024) was adopted. The Act implements the OECD's Global Anti-Base Erosion (GloBE) Model Rules (Pillar 2). The Act introduces a 15% minimum tax rate for multinational enterpri…
SourceEvent type
law
Action type
adoption
Government branch
legislature
Government body
parliament
Introduced Multinational Enterprise (Minimum Tax) Bill (No. 33/2024)
On 9 September 2024, the Multinational Enterprise (Minimum Tax) Bill (No. 33/2024) was introduced. The Bill seeks to implement the OECD's Global Anti-Base Erosion Model Rules (Pillar 2) by introducing a minimum tax rate of 15% for multinational ente…
SourceEvent type
law
Action type
introduction
Government branch
legislature
Government body
parliament