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Singapore May Introduce Global Minimum Tax

Singapore May Introduce Global Minimum Tax

Parliament is considering legislation to help introduce a global minimum tax.

Two bills have already been introduced that are the first steps towards establishing a global minimum tax. These are the Multinational Enterprise Minimum Tax Bill and the Income Tax Bill.

Both documents were introduced on September 9 and have already passed their first reading. The second reading is scheduled to be completed at the next session.

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