§ 43 — Returns of DTT

43.—(1) The designated local DTT filing entity of a registered MNE group to which this Act applies for a financial year must, by the due date, furnish to the Comptroller in the form and manner determined by the Comptroller, either —(a)

if there is no DTT payable in respect of the MNE group for that financial year — a return stating that fact; or

(b)

if there is DTT payable in respect of the MNE group for that financial year — a return stating the amount of the DTT.

(2) The reference to the financial year in subsection (1) includes any financial year that is earlier than that in which the MNE group is registered for which no return had been furnished to the Comptroller.

(3) Where an election has been made under section 45 for part of the top‑up amount for the financial year of the MNE group (called in this section and section 44 amount Y) that is attributable to a constituent entity, joint venture or JV subsidiary (called in this section and section 44 X) to be paid separately by X, the return in subsection (1) must also include —(a)

X’s identity;

(b)

amount Y; and

(c)

such information as the Comptroller may reasonably require for the purpose of determining or verifying amount Y.

(4) For the purposes of this section and section 44, the due date is —(a)

if the financial year is the transition year of the registered MNE group — the last day of the period of 18 months after the end of that transition year; or

(b)

if the financial year is any financial year after the transition year — the last day of the period of 15 months after the end of that financial year.

(5) The Comptroller may, in his or her discretion and subject to such terms and conditions as he or she may impose, allow an extension of time for the furnishing of a return.

(6) The amount of DTT computed in a return must, if not in Singapore dollars, be converted to Singapore dollars in accordance with the regulations.

—(1) The designated local DTT filing entity of a registered MNE group to which this Act applies for a financial year must, by the due date, furnish to the Comptroller in the form and manner determined by the Comptroller, either —(a)

if there is no DTT payable in respect of the MNE group for that financial year — a return stating that fact; or

(b)

if there is DTT payable in respect of the MNE group for that financial year — a return stating the amount of the DTT.

(2) The reference to the financial year in subsection (1) includes any financial year that is earlier than that in which the MNE group is registered for which no return had been furnished to the Comptroller.

(3) Where an election has been made under section 45 for part of the top‑up amount for the financial year of the MNE group (called in this section and section 44 amount Y) that is attributable to a constituent entity, joint venture or JV subsidiary (called in this section and section 44 X) to be paid separately by X, the return in subsection (1) must also include —(a)

X’s identity;

(b)

amount Y; and

(c)

such information as the Comptroller may reasonably require for the purpose of determining or verifying amount Y.

(4) For the purposes of this section and section 44, the due date is —(a)

if the financial year is the transition year of the registered MNE group — the last day of the period of 18 months after the end of that transition year; or

(b)

if the financial year is any financial year after the transition year — the last day of the period of 15 months after the end of that financial year.

(5) The Comptroller may, in his or her discretion and subject to such terms and conditions as he or she may impose, allow an extension of time for the furnishing of a return.

(6) The amount of DTT computed in a return must, if not in Singapore dollars, be converted to Singapore dollars in accordance with the regulations.