Article:

Singapore releases CbCR guidelines

31 October 2016

On 10 October 2016, the Inland Revenue Authority of Singapore (“IRAS”) released the much awaited e-tax guide on Country-by-Country Reporting (“CbCR”). The e-tax guide builds on the 16 June 2016 announcement of Singapore joining the inclusive framework.
By joining the inclusive framework, Singapore has committed to implement four minimum standards of the 15 point action plan under the Base Erosion and Profit Shifting (“BEPS”) project; one of them being Action Point 13 – CbC Reporting.