On 10 June 2024, the Singapore Ministry of Finance (MOF) released the draft legislation containing a bill to enact a new act in Singapore called the Multinational Enterprise (Minimum Tax) Bill (the "proposed Bill") and subsidiary legislation called the Multinational Enterprise (Minimum Tax) Regulations 2025.The proposed Bill and subsidiary legislation will implement a Qualifying Domestic Minimum Top-up Tax (QDMTT) and the Income Inclusion Rule (IIR) under Pillar Two of the Organisation for Economic Co-operation and Development (OECD) Base Erosion and Profit Shifting (BEPS) 2.0 initiative, as announced in Singapore's 2024 Budget Statement on 16 February 2024.The Ministry is seeking public...