The Inland Revenue Authority of Singapore (IRAS) has issued a new e-Tax Guide, Multinational Enterprise Top-up Tax and Domestic Top-up Tax. The e-Tax Guide explains the new Pillar 2 Income Inclusion Rule (referred to as the Multinational Enterprise Top-up Tax - MTT) and Domestic Top-up Tax (DTT) introduced by the Multinational Enterprise (Minimum Tax) Act 2024 with effect for financial years commencing on or after 1 January 2025. The e-Tax Guide covers, among other things, the MNE groups subject to the MTT and DTT, exclusions and safe harbors, key features of the MTT and DTT and key differences, administrative requirements,...