{"id":2332,"date":"2024-05-09T15:33:41","date_gmt":"2024-05-09T07:33:41","guid":{"rendered":"https:\/\/ehluar.com\/main\/?p=2332"},"modified":"2025-08-18T17:15:14","modified_gmt":"2025-08-18T09:15:14","slug":"iras-designates-point-of-contact-for-globe-rules-domestic-top-up-tax-inquiries","status":"publish","type":"post","link":"http:\/\/ehluar.com\/main\/2024\/05\/09\/iras-designates-point-of-contact-for-globe-rules-domestic-top-up-tax-inquiries\/","title":{"rendered":"IRAS Designates Point of Contact for GloBE Rules &amp; Domestic Top-up Tax Inquiries"},"content":{"rendered":"\n<p>The Inland Revenue Authority of Singapore (IRAS) has announced a dedicated point of contact for taxpayer inquiries concerning the impending Global Anti-Base Erosion (GloBE) Rules and Singapore&#8217;s Domestic Top-up Tax (DTT).<\/p>\n\n\n\n<p>This follows recent updates to the GloBE Rules and DTT section on the IRAS website. The updates reinforce Singapore&#8217;s commitment to implementing key components of the OECD\/G20 Inclusive Framework&#8217;s Pillar Two model.<\/p>\n\n\n\n<p><strong>Key Implementation Details:<\/strong><\/p>\n\n\n\n<ol start=\"1\" class=\"wp-block-list\">\n<li><strong>Effective Date:<\/strong> The Income Inclusion Rule (IIR) and the Domestic Top-up Tax (DTT) will apply to in-scope multinational enterprise (MNE) groups for financial years commencing <em>on or after 1 January 2025<\/em>.<\/li>\n\n\n\n<li><strong>Scope:<\/strong> The IIR and DTT will apply to MNE groups meeting the <em>\u20ac750 million revenue threshold<\/em>. This threshold is assessed based on the consolidated financial statements of the group&#8217;s Ultimate Parent Entity (UPE) for <em>at least two out of the four immediately preceding financial years<\/em>.<\/li>\n\n\n\n<li><strong>Undertaxed Profits Rule (UTPR):<\/strong> Singapore has confirmed it will implement the IIR and DTT from 2025. A decision on implementing the complementary Undertaxed Profits Rule (UTPR) will be made at a later date.<\/li>\n<\/ol>\n\n\n\n<p><strong>Resources and Support:<\/strong><\/p>\n\n\n\n<p>To aid taxpayer understanding and preparation, IRAS has uploaded an <strong>informative set of presentation slides<\/strong> outlining key aspects of the GloBE Rules and DTT. Taxpayers are strongly encouraged to consult the foundational documents:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>OECD GloBE Model Rules<\/li>\n\n\n\n<li>OECD Commentary on the GloBE Rules<\/li>\n\n\n\n<li>OECD Administrative Guidance<\/li>\n<\/ul>\n\n\n\n<p>IRAS has established a dedicated email channel for questions related to the GloBE Rules or the Singapore DTT:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Email:<\/strong> <a href=\"https:\/\/mailto:IRAS_Pillar_Two@iras.gov.sg\" target=\"_blank\" rel=\"noreferrer noopener\">IRAS_Pillar_Two@iras.gov.sg<\/a><\/li>\n<\/ul>\n\n\n\n<p>Taxpayers and advisors are invited to utilize this contact for specific technical or clarificatory inquiries regarding the upcoming rules.<\/p>\n\n\n\n<p><strong>Source:<\/strong> IRAS, 7 May 2024.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Inland Revenue Authority of Singapore (IRAS) has announced a dedicated point of contact for taxpayer inquiries concerning the impending Global Anti-Base Erosion (GloBE) Rules and Singapore&#8217;s Domestic Top-up Tax (DTT). This follows recent updates to the GloBE Rules and DTT section on the IRAS website. The updates reinforce Singapore&#8217;s commitment to implementing key components [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7,8,6],"tags":[],"class_list":["post-2332","post","type-post","status-publish","format-standard","hentry","category-accounting","category-incometax","category-techupdates"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/posts\/2332","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/comments?post=2332"}],"version-history":[{"count":1,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/posts\/2332\/revisions"}],"predecessor-version":[{"id":2333,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/posts\/2332\/revisions\/2333"}],"wp:attachment":[{"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/media?parent=2332"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/categories?post=2332"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/tags?post=2332"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}