26 March 2018 Singapore publishes Country-by-Country Reporting regulations The Government of Singapore published, on February 5, the "Income Tax (International Tax Compliance Agreements) Regulations 2018" (the CbCR Regulations) under the Income Tax Act (ITA) in the Singapore Government Gazette. The CbCR Regulations are applicable for any accounting period beginning on or after January 1, 2017, and stipulate that Singapore-resident ultimate parent entities of two types of Multinational Enterprise groups are required to submit a Country-by-Country (CbC) report to the Comptroller (or an authorized person). The CbC report must be submitted no later than 12 months after the end of the accounting period, or a later time as the Comptroller may permit. Document ID: 2018-0659 |
