Singapore Publishes Updated e-Tax Guide on CbC Reporting

The Inland Revenue Authority of Singapore (IRAS) has published the second edition of the e-Tax Guide on Country-by-Country (CbC) reporting. Singapore's CbC reporting requirements apply for fiscal years beginning on or after 1 January 2017 for Singapore MNE groups (ultimate parent tax resident in Singapore) that have subsidiaries or operations in at least one other jurisdiction and consolidated group revenue of at least SGD 1.125 billion in the previous year.

The updates in the second editio…