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Technical Updates
Version 2 of Pillar 2 comes with the GTC-Suite 23.05.
Technical ID changes, please see the new list of Datapoints in the section Important Documents
Update of already existing IDs: DT-2.16 and DT-2.7
3 New technical IDs: IR-1, DT-2.7, DT-4.8
“Transfer Values” is activated with each “Import” for all Entities & Dialogs
“Transfer Values” is activated with each “Copy from Questionnaire”
Period Wizard differentiates BEPS-Period (only Pillar 2) and Tax Calculation Period (without Pillar 2). A Period for tax calculation and Pillar 2 has to be created in the Expert Mode
Restructuring of Dialogs as explained below
AMAE00 excludes companies from all calculations
AMAE01 leads to UPE specific lines in Entity Data Collection. Deactivation of AMAE01 leads to exclusion of UPE specific lines in Entity Data Collection
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Entity Data Collection
New datapoint for the Inclusion ratio . The Inclusion ratio states, how far in Dialogue “Top-Up Tax Allocation”
Choice between automatic and manual recast: The automatic recast by the tax rate can be deselected and a recast amount can be entered manually instead.
Tax Allocations
New dialogue - Tax Allocations: Possibility to allocate CFC-Tax Expense or Taxes on distributions from one CE to another. The effects can be seen in the CE-Calculation. So far it is not possible to import the values, in the next version it should be possible to import them (similar to the 8b dialogue) via Excel upload.
FTE / PE Allocations
New dialogue - FTE / PE Allocations: Possibility to allocate FANIL (INC-1) or Current Taxes (CT-1) from one CE to another. The effects can be seen in the CE-Calculation. So far it is not possible to import the values, in the next version it should be possible to import them (similar to the 8b dialogue) via Excel upload.
Calculation
The design will undergo a general revision, including automatic fixing of headings and variable column fixing, as well as improved display performance.
Overview Results
New dialogue - Overview Results: Graphical representation of the results and other processing (e.g. list of countries not exempt from the safe harbour)
Allocations
New dialogue - Allocations: Overview of all FTE/PE and Tax Allocations
C5 - Top-Up Tax Calculation
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C2 - Automatic and Manual Recast
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Bugfixes
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Transfer Values
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Allocations
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Technical
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New dialogue - C5 - Top-up tax Allocation: Allocation of the top-up tax to the individual CEs (rule of three according to GloBE income share pursuant to GIR) and multiplication of the individual CE top-up tax with the inclusion ratio.
Bugfixes
GTC / P2 Version | Issue | Bug fixed |
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GTC 23.02 Pillar 2 2.0.5 | Currency Exchange Rates for the Value “Carrying value of relevant Eligible Tangible Assets located in the jurisdiction at the beginning of the reporting year” of the Substance based Income Exclusion. Issue is fixed with GTC 23.05 Possible Workaround:
Explanation: | Fixed |
GTC 23.02 Pillar 2 2.0.5 | Recast Amount is zero, if not all percentage values of DT-4.2, DT-4.4 or DT-4.5 unequal 0. Issue is fixed with GTC 23.05 Workaround:
Explanation: At the moment the formula of the recast doesn’t work if either DT-4.2, DT-4.4 or DT-4.5 are equal to zero. If zero, the value in DT-4.1 or respectively DT-4.3, DT-4.5 are divided by zero and the whole function is not valid. | Fixed |
GTC 23.02 Pillar 2 2.0.5 | Authorizations lead to a wrong surface in the dialogue GloBE Income. This concerns just clients, who use authorizations and role concepts for their Pillar 2 Data Collection. For superuser the dialogues work. Issue is fixed with GTC 23.05 Workaround:
Explanation: Technical Issue regarding authorizations. | Fixed |