.png?sfvrsn=dd675fd5_2)
6a6c7fe2013f4be3b0ecc0a5930da5c9.jpg?sfvrsn=ab5334c8_0)
/business-management-global-connection/istock-1167579720-c.jpg?sfvrsn=ff93f9a5_2)
/audit-assurance/istock-1169206203-c.jpg?sfvrsn=1d6f9b25_6)
/ethics-and-professionalism/istock-1141115724-c.jpg?sfvrsn=4e54d691_2)
/audit-assurance/istock-818732836-c-v3.jpg?sfvrsn=ae44e7b7_0)
.png?sfvrsn=905ee1bd_0)
/legal-secretarial/istock-866706340-c.jpg?sfvrsn=d7f57b8c_2)
FRB 12 Accounting Implications arising from the Multinational Enterprise (Minimum Tax) Act in Singapore, issued in June 2025 supports entities in understanding the accounting implications arising from the MMT Act in Singapore.
FRB 12 (Revised October 2025) has been updated from FRB 12 (issued on 12 June 2025) for the following:
- Background information on Multinational Top-up Tax and Domestic Top-up Tax (DTT) in MMT Act; and
- Update on the accounting consideration relating to the accounting for DTT expenses by Constituent Entities in their separate financial statements.
Read more