The long-awaited Multinational Enterprise (Minimum Tax) (“MMT”) Act 2024 and Subsidiary Legislation – MMT Regulations 2024 have been released, just in time for Singapore’s Pillar Two implementation effective 1 January 2025.
With Singapore's adoption of the Organisation of Economic Co-operation and Development (OECD) Global Anti-Base Erosion (GloBE) Model Rules into domestic law, there are notable variations in the terms and wordings that could lead to potential disputes, discrepancies, and confusion. These differences can significantly impact compliance strategies, especially for Multinational Enterprise (MNE) groups that could face top-up tax exposure.
To help you navigate these complexities, we are hosting an exclusive webinar to dive into the key details of Singapore's Pillar Two legislation and the latest OECD developments.
Webinar highlights:
- Key variances between Singapore’s Pillar Two legislation and OECD GloBE Model Rules: Explore potential areas where differing interpretations could arise, and how this can lead to disputes for MNEs
- Overview of the latest OECD AG: Understand the extended limitation on Deferred Tax Assets under Transitional Rules (Article 9.1) and its impact on your tax planning
- Qualified legislation / Information filing and exchange tools: Get insights into the latest tools and resources for complying with international tax requirements
- Implications of recent U.S. announcements on Pillar Two: Understand how the current U.S. administration's stance on Pillar Two could affect your tax strategy
With KPMG in Singapore, you can Be In Front of the evolving tax landscape and ensure compliance as you prepare for Pillar Two's implementation.
Date
Tuesday, 11 February 2025
Time
10.00am – 11.00am
Event Type
Webinar
Enquiries
KPMG Events
events@kpmg.com.sg