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.
The Bulk Change feature enables you to update the status of multiple milestones simultaneously, saving time and simplifying management. You can choose from the following status options: Not started for milestones that have not yet begun, In process for those currently in progress, Data ok for milestones whose data has been checked and confirmed as accurate, Closed for completed milestones, and Checked for milestones that have been reviewed. To use this feature, select the milestones you wish to update by clicking the corresponding checkboxes in the table, then click the Bulk Change button. From the list that appears, select the new status to apply the update. This functionality ensures efficient status management within the system.
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
This process streamlines the import of data for specific units within a predefined timeframe. To ensure the accurate transfer of relevant data, both the source and target periods are determined in advance. First, the unit for which the import process will be executed is specified. Next, the source and target periods are defined to ensure proper data mapping. Finally, the import process is initiated once all parameters have been set and validated.
Import Allocations
This process facilitates the import of allocation data for a specified period. To proceed, a standardized template can be downloaded to ensure the data is correctly structured. After preparing the file, it is uploaded to the system. Once uploaded, the allocations can be imported or adjusted as needed, providing flexibility to either integrate new data or reset existing allocations.
Questionnaire Value Transfer
This interface is used to transfer values from questionnaires from one system to another. Users can select the relevant period and company to start the transfer process.
External
This interface is used to import external data into the system. The user can select the desired period and company. There is an option to choose a file for import and start the process.