Pillar 2 Release Notes

• Technical Updates

• Entity Data Collection

  • Tax Allocation

  • FTE / PE Allocations

• Calculation

  • Overview Results

  • Allocations

  • C5 - Top-Up Tax Calculation

  • C2 - Automatic and Manual Recast

• Bugfixes

• Transfer Values

• Technical

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.

Entity Data Collection

• New datapoint for the Inclusion ratio. The Inclusion ratio states, how far

• 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.

• Manual Recast option

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

• General revision of the design, e.g. through automatic fixing of headings and variable fixing of columns 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

• 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