Obligation of ultimate parent entity of MNE group to submit country‑by‑country report
4.—(1)  Subject to regulation 5, where —
(a)a Type A group or Type B group is an MNE group for any of its accounting periods; and
(b)its ultimate parent entity is resident in Singapore,
its ultimate parent entity must submit to the Comptroller or an authorised person a country‑by‑country report for that accounting period for all constituent entities of the MNE group.
(2)  The ultimate parent entity must submit the country‑by‑country report to the Comptroller or an authorised person no later than 12 months after the end of the accounting period, or such later time as the Comptroller may permit.
(3)  The ultimate parent entity must keep and retain in safe custody all records that it uses to prepare a country‑by‑country report for a period of 5 years after the end of the accounting period.
(4)  A contravention of paragraph (1), (2) or (3) is an offence under section 105M(1) of the Act.