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Advanced Tax Connect - Pillar 2 module
Tim van Uden
Updated: Jan 15, 2025
Description
Click through a step-by-step, interactive demo walkthrough,of the Pillar 2 module.
Steps
1
Welcome to our Pillar 2 demo!
2
Click here to start the Pillar 2 GMT walkthrough
3
The hierarchy can be customized. It keeps track of the progress made
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You can select what year and/ or period applies
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Activate the entity pack
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On the left-hand side you can navigate through the various schedules.
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This column can be used to connect to the finance cube to leverage existing data within the OneStream platform
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Here you can access the guide containing more information on the various datapoints
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This guidance is based on the OECD information and helps the user to understand the various datapoints
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Supporting documentation as well as further commentary can be added on a line-by-line basis
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This button brings you to the schedule relating to the covered taxes
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All the relevant datapoints to calculate the covered taxes are presented on the left-hand side of the schedule
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This button brings you to the schedule relating to the SBIE
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The applicable percentages are picked up from administrative tables
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This button brings you to the total overview for this entity
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This overview shows the summary applicable for this entity. It already indicates whether this entity might be an issue for the jurisdictional roll-up
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Jurisdictional Report & Total Roll-up
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Depending on the hierarhy and setup, any roll-up structure can be applied
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Click 'Go' to activate the selected report
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There are two reporting overviews
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This overview shows all the information provided at entity level all the way to the ETR for Pillar 2
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This report reconciles the entity specific information to an analysis of the potential top-up tax and the allocation of these additional taxes
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It takes into account whether a safe harbour is applicable or whether a country has applied QDMTT
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By selecting the global overview, the user is able to activate the total groep level of the reporting
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By clicking the 'Go' button, the report is opened
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Just like the Jurisdictional report, this overview shows the completed information per entity rolling up per jurisdiction
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This overview shows every jurisdiction that is impacted by the Pillar 2 regulations and end-up in a top-up tax position
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By selecting this button, the system generates a journal entry to journal the tax out to the entities
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The journal entry setup can and will be alligned/ amended to the current customer setup
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This was the high level overview of the Pillar 2 - GMT module!