Multinational Enterprise (Minimum Tax) Act 2024 s 12
s 12 Entity chargeable with MTT
12. An entity (called in this Act a chargeable entity) is chargeable with MTT for a financial year if —(a)
the entity is a responsible member of an MNE group at any time in the financial year;
(b)
this Act applies to the MNE group for the financial year;
(c)
the entity holds an ownership interest in another constituent entity of the MNE group at any time in the financial year;
(d)
that other constituent entity is located in a jurisdiction outside Singapore or is a stateless entity, and has a top‑up amount for the financial year (called in this Act a relevant entity); and
(e)
the entity is located in Singapore.
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Source: Singapore Statutes Online (Attorney-General's Chambers), © Government of Singapore.
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