Cockpit
- Mara Hartmann
- Alexandra Yussif
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.
Administration
In this dialogue the Reporting Dimension Types for the Blending can be chosen.
It is possible, that the Blending Circle of the Jurisdictional Blending differs from the Blending Circle for the Safe Harbour Check. Therefore, the GTC offers the possibility to create different Reporting Dimension Types. For more information on how to create a Reporting Dimension Type and Reporting Dimensions, please see the section on Reporting Dimensions (Master Data).
Generally, the blending follow the ISO-Codes of the countries. Reporting Dimensions give the possibility to create Subgroups within a jurisdiction.
The following table shows, for which calculations, the reporting dimension types selected create subgroups:
CbCR-Safe Harbour Blending | The Reporting Dimension Type chosen here is used to create Subgroups in the calculations C1 – Safe-Harbour Check and C3 – De Minimis Check. |
Top-Up Tax Blending | The Reporting Dimension Type chosen here is used to create Subgroups in the calculations C4 – Jurisdictional Blending |
Example:
The “X-GmbH” and “Y-GmbH” belong to the country Germany, which is selected in the company master data. The “Y-GmbH” is an investment company in the sense of Pillar 2. The ISO-Code of the country Germany “DE” is selected in the country master data. If no Reporting Dimensions are established, for all calculations the X-GmbH and Y-GmbH are blended for the jurisdiction “DE”. Now a Reporting Dimension “Pillar 2 – T1” is established and a Reporting Dimension “INV-A” is selected for the “Y-GmbH” in the company master data. If the “Pillar 2 – T1” Reporting Dimension Type is selected for the Top-Up Tax Blending but not for the CbCR-Safe Harbour Blending, the Investment company will be separated from all other CEs that are connected to the ISO-Code DE but haven’t selected the Reporting Dimension “INV-A” in the jurisdictional blending. If selected for the CbCR-Safe Harbour Blending, the “Y-GmbH” will be separated from other CEs with the ISO-Code “DE” also for the Safe-Harbour Check and the De Minimis Check.
Import
Income Taxes
Import Allocations