Status Monitoring
Since the collection of the information of each entity results in the highest coordination effort, there are specific milestones for each part of the Entity Data Collection and each CE. On one hand the overview gives important information on the current state of the data entries. E.g., if a user wants to perform a calculation just for the information of the C1 – Safe Harbor Check, it is possible to track if the respective milestones for the CbCR Safe Harbor information and Substance-based Income Exclusion are closed, so that all necessary information for the calculation are available.
On the other hand, the milestones help to apply tax compliance rules. The time and user that changed a milestone is tracked and rules forbid that the same user that closed a milestone can set this milestone to “checked”. It therefore forces a review by another user.
For reporting purposes, you may not perform all manual adjustments such as required for filing. Therefore, if required, it is possible to import the milestones for the reporting processes, if all material values are automatically imported and no manual entries and reviews on a CE-basis are necessary.
Import
Income Taxes
Import Allocations