1. Administering Tax Reporting
  2. Working with Pillar Two
  3. Working with Transitional Safe Harbor Rules
  4. Implementing CbCR and Transition Safe Harbor Rules - Best Practices

Implementing CbCR and Transition Safe Harbor Rules - Best Practices

Usecase 1

No separate CbCR scenario enabled and prior year is locked:

For Example:

usecase_1

  1. Create a new Scenario PillarTwoScenario member and copy the data from P12 / FY22 /Actual in to PillarTwoScenario.

    Create a new Scenario

  2. Create (if needed), a separate approval process for CbCR then enable separate CbCR scenario for PillarTwoScenario.

    Create a Separate Approval Process

  3. Continue working with separate CbCR scenario.

Usecase 2

If the application already has separate CbCR enabled and has locked prior years:

For Example:

Usecase 2

  1. Create a new Scenario PillarTwoScenario member and copy the data from P12 / FY22 / Actual in to PillarTwoScenario.

    Create a new Scenario

  2. Enable separate CbCR scenario for PillarTwoScenario.

    Enable Separate CbCR Scenario

  3. Copy CbCR data from Actual_CbCR to PillarTwoScenario_CbCR, if required or, by using pillar two automation and configuring the source scenario as Actual_CbCR.