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21 October 2016

Singapore releases tax guide on Country-by-Country reporting

The Inland Revenue Authority of Singapore (the IRAS) released an e-Tax Guide on October 10, with details on the implementation of Country-by-Country (CbC) reporting for Singaporean multinational enterprise (MNE) groups (the CbCR Guidance). The CbCR Guidance follows to a large extent the guidelines recommended by the Organisation for Economic Co-operation and Development in the final Base Erosion and Profit Shifting (BEPS) Action 13 implementation package issued in October 2015. The release of the CbCR Guidance follows Singapore's participation as an Associate in the BEPS project, which was announced in June 2016.

A Tax Alert prepared by EY's Global Tax Desk Network, and attached below, provides additional details.

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ATTACHMENT

Full text of Tax Alert 2016-1792

Document ID: 2016-1792

 

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