Tag: Singapore
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IRAS e-Tax GuideCountry-by-Country Reporting
Ad. 1 Aim1.1 This e-Tax Guide provides taxpayers with guidance on:(a) The purpose of CbCR;(b) The obligation to submit a notice that a Reporting Entity is required toprovide a CbC Report (“notification of filing obligation”);(c) The obligation to provide a CbC Report;(d) How to complete a CbC Report; and(e) How to submit a CbC Report…
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Country-by-Country Reporting (CbCR) Regulation in Singapore: A Comprehensive Guide
The Country-by-Country Reporting (CbCR) regulation is a crucial component of international tax compliance for multinational enterprises (MNEs). In Singapore, the Inland Revenue Authority of Singapore (IRAS) has implemented specific guidelines aligned with the OECD’s Base Erosion and Profit Shifting (BEPS) Action 13. This article aims to provide Chief Financial Officers (CFOs) and other financial executives…
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How CbC reporting is presented in Singapore
Country-by-country (CbC) reporting is a financial report that multinational corporations must submit in many countries as part of a global initiative to combat tax evasion and tax avoidance. In Singapore, the CbC reporting requirement was introduced in 2018 and is applicable to multinational companies with consolidated group revenue of more than SGD 1.125 billion (approximately…
CbC Reporting 