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What does Global Minimum Tax Rate mean for Singapore REITs?

Insights on the Global Minimum Tax Rate

Insights on the Global Minimum Tax Rate

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Event Information

On 5 June 2021, the Group of Seven (G7) issued a statement which gives a significant momentum to the negotiations between 139 jurisdictions in the Inclusive Framework on Base Erosion and Profit Shifting (BEPS), led by the Organisation for Economic Co-operation and Development (OECD) and the Group of Twenty (G20). Amongst other changes, the statement seeks to introduce a global minimum tax rate of 15% for Multinational Corporations (MNCs). The intention is to reach a global agreement on certain international tax rules for release at the G20 Finance Ministers meeting in early July and the scope of these rules may include REITs.

These changes will be especially relevant as Singapore REITs are generally subject to a low effective tax rate which in many cases will be below the proposed 15% global minimum tax rate. With this uncertainty, we will consider how these proposed BEPS tax rules may apply to Singapore REITs and their implications.

Join us at our live webinar on Monday 5 July 2021, where we will share our insights on the following:

  • What is a global minimum tax rate and how does it work?
  • Who does it apply to? Will Singapore REITs be carved out?
  • What are the key tax impacts for Singapore REITs?
  • How best can Singapore REITs prepare for the change?

Date
Monday, 5 July 2021

Time
02:30 pm - 03:30 pm

Duration
1 hour

Venue
Live Webinar

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