Additional Pillar Two Tax Allocation Properties for Tax Reporting Applications

The Qualified Parent and Entity Top Up Tax Allocation Enabled setting is available when registering Tax Reporting applications in Enterprise Data Management to include additional properties in Account and Entity dimensions for handling Pillar Two qualified parent top up tax allocations.  Values for these properties can be managed for Account and Entity dimension members as well as imported from and exported to the external Tax Reporting application.  The following properties are added when the registration setting is enabled:

Account dimension

  • Qualified Parent Entity Top Up Tax Allocation Target Account
  • Parent Top Up Allocation Source Account Selection

Entity dimension

  • Qualified Parent Entity Top Up Tax Allocation Selection

Business Benefit: Property values used for Pillar Two qualified parent top up tax allocations in Tax Reporting applications can now be managed in Enterprise Data Management.

Key resources