§ 13 — Responsible members of MNE group

13.—(1) The ultimate parent entity of an MNE group is a responsible member of the MNE group if it is not an excluded entity and is —(a)

located in Singapore; or

(b)

subject to a qualified IIR under the law of the jurisdiction where it is located.

(2) An intermediate parent entity (X) of an MNE group is a responsible member of the MNE group if —(a)

the ultimate parent entity of the MNE group is not a responsible member of the MNE group;

(b)

no constituent entity of the MNE group that holds a controlling interest in X is —(i)

located in Singapore; or

(ii)

subject to a qualified IIR under the law of the jurisdiction where it is located; and

(c)

X is —(i)

located in Singapore; or

(ii)

subject to a qualified IIR under the law of the jurisdiction where it is located.

(3) A partially‑owned parent entity (X) of an MNE group is a responsible member of the MNE group if —(a)

the ownership interests in X are not wholly held (directly or indirectly) by another partially‑owned parent entity of the MNE group that is —(i)

located in Singapore; or

(ii)

subject to a qualified IIR under the law of the jurisdiction where it is located; and

(b)

X is —(i)

located in Singapore; or

(ii)

subject to a qualified IIR under the law of the jurisdiction where it is located.

—(1) The ultimate parent entity of an MNE group is a responsible member of the MNE group if it is not an excluded entity and is —(a)

located in Singapore; or

(b)

subject to a qualified IIR under the law of the jurisdiction where it is located.

(2) An intermediate parent entity (X) of an MNE group is a responsible member of the MNE group if —(a)

the ultimate parent entity of the MNE group is not a responsible member of the MNE group;

(b)

no constituent entity of the MNE group that holds a controlling interest in X is —(i)

located in Singapore; or

(ii)

subject to a qualified IIR under the law of the jurisdiction where it is located; and

(c)

X is —(i)

located in Singapore; or

(ii)

subject to a qualified IIR under the law of the jurisdiction where it is located.

(3) A partially‑owned parent entity (X) of an MNE group is a responsible member of the MNE group if —(a)

the ownership interests in X are not wholly held (directly or indirectly) by another partially‑owned parent entity of the MNE group that is —(i)

located in Singapore; or

(ii)

subject to a qualified IIR under the law of the jurisdiction where it is located; and

(b)

X is —(i)

located in Singapore; or

(ii)

subject to a qualified IIR under the law of the jurisdiction where it is located.