Who is within scope
The rules target multinational groups with consolidated revenue of at least EUR 750 million in at least two of the four preceding financial years. GloBE uses a jurisdictional effective tax rate and a 15% minimum rate; this is not a replacement headline corporate income tax rate for every Singapore company. Singapore has implemented the IIR and DTT, while adoption of the Undertaxed Profits Rule remains for later consideration.
Read the 2026 changes carefully
IRAS describes the Inclusive Framework’s January 2026 Side-by-Side package, including an extension of the transitional CbCR safe harbour and additional safe harbours. The page states that Singapore’s legislative amendments are intended by end-2026, subject to Parliament’s approval. It also gives different commencement dates for different measures, including the Simplified ETR Safe Harbour for financial years commencing on or after 31 December 2026. Groups should distinguish announced amendments from enacted requirements and check the detailed guidance for elections and accounting standards.
Official source
A concise, independent Apex Gateway guide based on the official English source, not a reproduction of the complete document. Consult the original for full conditions, exceptions and subsequent updates.
Read the official source ↗