For Multinational Enterprise (MNE) groups with a 31 December year-end and Singapore constituent entities in scope for Pillar Two for FY2025, the first Pillar Two registration in Singapore must be completed by 30 June 2026.
As the deadline approaches, three practical questions become critical: who is responsible for registration, which critical data points are required, and what administrative procedures should be considered during the registration process.
Join KPMG in this upcoming seminar, featuring guest panellist Tay Ang Sim, Group Tax Specialist (Corporate Tax), Inland Revenue Authority of Singapore (IRAS), where they will cover the essentials of Pillar Two registration and share IRAS’ expectations for compliance readiness among in-scope MNE groups.
A Highlight of Key Areas:
- Panel discussion with IRAS: Learn about frequently asked questions on Pillar Two compliance and registration, and understand IRAS’ expectations regarding documentation requirements, including format and retention period.
- A recap of the OECD release: Gain the latest insights from the Organisation for Economic Co-operation and Development (OECD)’s January 2026 releases, including the Side-by-Side package, Permanent Safe Harbour, and Substance-based Tax Incentive Safe Harbour.
- GloBE Information Return (GIR) Compliance: Discover the KPMG BEPS Automation Tool, which facilitates conversion of the GIR into XML schema, ensuring readiness for submission to tax authorities.
- Singapore Pillar Two registration requirements: Walk through the steps required to complete registration by the due date, along with key actions to take if the MNE group’s corporate structure changes in the future.
Mr Tay Ang SimGroup Tax Specialist, Corporate Tax Division
Inland Revenue Authority of Singapore
Ang Sim brings over 25 years of experience in corporate and international tax and currently spearheads the Pillar Two implementation at IRAS. He served as IRAS’ technical lead in the Joint Study Group on Singapore’s Pillar Two implementation, comprising tax and accounting experts and is well regarded as a technical expert in this field.