Section 28 — DTT payable in respect of MNE group and amount of DTT

(1)DTT is payable in respect of an MNE group for a financial year where —

(a)the MNE group is one to which this Act applies for that financial year;

(b)at least one of its constituent entities is located in Singapore or is a section 29(b) entity; and

(c)the MNE group has a top‑up amount for that financial year.

(2)The DTT payable in respect of an MNE group for a financial year is the top‑up amount for the MNE group for that financial year.

(3)In this Part, a joint venture or a JV subsidiary located in Singapore is treated as a constituent entity of an MNE group located in Singapore if it is connected to the MNE group.