No. S 869
Income Tax Act
(CHAPTER 134)
Income Tax
(International Tax Compliance Agreements)
(Country-By-Country Reporting)
(Amendment) Regulations 2021
In exercise of the powers conferred by section 105P of the Income Tax Act, the Minister for Finance makes the following Regulations:
Citation and commencement
1.  These Regulations are the Income Tax (International Tax Compliance Agreements) (Country-By-Country Reporting) (Amendment) Regulations 2021 and come into operation on 16 November 2021.
Amendment of regulation 4
2.  Regulation 4 of the Income Tax (International Tax Compliance Agreements) (Country-By-Country Reporting) Regulations 2018 (G.N. No. S 75/2018) is amended by deleting paragraph (4) and substituting the following paragraphs:
“(4)  A requirement under paragraph (1) or (2) is a requirement under section 105M(1)(b) of the Act, the failure or neglect to comply with which (if such failure or neglect is without reasonable excuse) is an offence under section 105M(1) of the Act.
(5)  A requirement under paragraph (3) is a requirement the failure or neglect to comply with which (if such failure or neglect is without reasonable excuse) is an offence under section 105M(1B) of the Act.”.
Amendment of regulation 5
3.  Regulation 5 of the Income Tax (International Tax Compliance Agreements) (Country-By-Country Reporting) Regulations 2018 is amended by deleting paragraph (6) and substituting the following paragraphs:
“(6)  A requirement under paragraph (3) or (4) is a requirement under section 105M(1)(b) of the Act, the failure or neglect to comply with which (if such failure or neglect is without reasonable excuse) is an offence under section 105M(1) of the Act.
(7)  A requirement under paragraph (5) is a requirement the failure or neglect to comply with which (if such failure or neglect is without reasonable excuse) is an offence under section 105M(1B) of the Act.”.
[G.N. No. S 57/2020]
Made on 22 October 2021.
TAN CHING YEE
Permanent Secretary,
Ministry of Finance,
Singapore.
[R032.007.2628.V5; AG/LEGIS/SL/134/2020/5 Vol. 1]
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