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ISCA Issues FRB 12 Accounting Implications arising from the Multinational Enterprise (Minimum Tax) Act in Singapore

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As announced in Singapore Budget 2024, Singapore published the Multinational Enterprise (Minimum Tax) Act (MMT Act) to implement new corporate taxes under Pillar Two of BEPS 2.0 initiative ("Pillar Two legislation").

Following the release of our Statement on 22 January 2025, ISCA issues FRB 12 Accounting Implications arising from the Multinational Enterprise (Minimum Tax) Act in Singapore to support entities in understanding the accounting implications arising from the MMT Act in Singapore.