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2nd Reading
Ministry of Finance

Multinational Enterprise (Minimum Tax) Bill

Bill Summary

Summary will be generated in a future update.

Reading Status 2nd Reading
1st Reading Mon, 9 September 2024
Introduction — no debate
2nd Reading Tue, 15 October 2024

Bills proceed through first reading, second reading, committee stage, third reading, and presidential assent before becoming law.

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Members Involved

Indranee Rajah (Minister, Prime Minister's Office and Second Minister for Finance and National Development and Leader of the House)

Transcripts

First Reading (9 September 2024)

"to implement the Global Anti-Base Erosion Model Rules (Pillar 2) relating to the top-up tax under the Income Inclusion Rule to make provision for a domestic minimum top-up tax within the meaning of those Model Rules and to make related amendments to certain other Acts",

recommendation of President signified; presented by the Second Minister for Finance (Mr Chee Hong Tat); read the First time; to be read a Second time on the next available Sitting of Parliament, and to be printed.

Second Reading (15 October 2024)

Order for Second Reading read.

4.55 pm

The Second Minister for Finance (Ms Indranee Rajah): Mdm Deputy Speaker, I beg to move, "That the Bill be now read a Second time."

This Bill was debated with the earlier Bill and hence, unless there are any further queries or comments, I would ask that the Bill be moved a Second time.

Mdm Deputy Speaker: Any further clarifications? I see none.

Question put, and agreed to.

Bill accordingly read a Second time and committed to a Committee of the whole House.

The House immediately resolved itself into a Committee on the Bill. – [Ms Indranee Rajah].

Bill considered in Committee; reported without amendment; read a Third time and passed.