Proposals implementing Pillar Two global minimum tax rules for financial years starting 1 January 2025
Singapore’s budget for 2024 includes proposals implementing the Pillar Two global minimum tax rules for financial years starting 1 January 2025.
The 2024 budget also includes the following proposed tax measures:
Read a February 2024 report [PDF 5.2 MB] prepared by the KPMG member firm in Singapore