Viewing Pillar Two Safe Harbors Overview Page

The Pillar Two Safe Harbors Overview page indicates the Entities and total Jurisdictions as green when it passes corresponding safe harbor tests based on the transitional safe harbor threshold amounts provided.

Note that the overview form also includes De Minimis Test Total Revenue, De Minimis Test Profit (Loss) Before Income Tax, and Simplified ETR Test Rate values.

The Total Substance Based Income Exclusion values are shown as positive in the Pillar Two Safe Harbors Overview form. See the example below (here, Total Substance Based Income Exclusion value is shown as positive):

Safe Harbor Pillar Two Overview Page

  • Transitional CbCR Safe Harbor Test fulfilled?: Indicates as Yes for the entity, if any of the De Minimis Test fulfilled?, Simplified ETR Test fulfilled?, Routine Profit Test fulfilled? is marked as Yes.
  • De Minimis Test fulfilled?: Indicates as Yes, when both CbCR Revenue and CbCR Profit Before Tax tests passes.
  • Simplified ETR Test fulfilled?: Indicates as Yes for an entity, if value of Pillar Two Simplified ETR Test is equal to or greater than the transition rate.
  • Routine Profit Test fulfilled?: Indicates as Yes for an entity, if the value of Pillar Two Routine Profit Test is less than or equal to zero.

Note:

Only one of the three tests (De Minimis Test, Simplified ETR Test, and Routine Profit Test) is required to pass for Safe Harbors (see, Example Tests).