15 Apr 2026
  1. On 14 April 2026, Singapore signed the Multilateral Competent Authority Agreement (“MCAA”) on the Exchange of Global Anti-Base Erosion (“GloBE”) Information.
  2. Under the GloBE rules, each entity of a multinational enterprise (“MNE”) group subject to Pillar Two GloBE rules would be required to file a GloBE Information Return (“GIR”) with the tax administration of the jurisdiction where it is located. However, the entities may be discharged from this obligation if the MNE group files the GIR in a jurisdiction that has an active exchange relationship with the local jurisdiction for the exchange of the GIR (known as central filing).
  3. By signing the MCAA on the Exchange of GloBE Information, Singapore participates in central filing of the GIR, which will help minimise compliance burden on Singapore-headquartered MNE groups as it reduces the number of jurisdictions with which these MNE groups must file the GIR.
  4. Singapore will ensure that taxpayers’ information is safeguarded while facilitating effective GIR information exchange. GIR information will only be exchanged with international partners that have the necessary safeguards in place to ensure confidentiality of the information exchanged and prevent its unauthorised use.
  5. For more information on the MCAA, please see Explanatory Notes.