The Inland Revenue Authority of Singapore (IRAS) has updated its Country-by-Country (CbC) reporting guidance page with additional information on report submission and voluntary (parent surrogate) filing for fiscal year 2016. Singapore CbC reporting requirements apply for fiscal years beginning on or after 1 January 2017 for Singapore-headquartered MNEs meeting a consolidated revenue threshold of SGD 1.125 billion in the previous year. Since requirements in other jurisdictions may result in l…