Introducing Entity Classification

Tax Reporting has an enhanced capability to classify the Pillar Two entities (see, Working with Pillar Two in Administering Tax Reporting) into different classification. You can categorize entities into the following types:

  • Constituent Entity
  • Flow-Through Entity – Tax Transparent
  • Flow-Through Entity – Reverse Hybrid
  • Hybrid Entity
  • Permanent Establishment
  • Stateless Constituent Entity
  • Low Taxed Constituent Entity
  • Main Entity
  • Minority-Owned Parent Entity
  • Minority-Owned Subsidiary
  • Minority-Owned Constituent Entity
  • Investment Entity
  • Insurance Investment Entity
  • Joint Venture (JV)
  • JV Subsidiary
  • Non-Material Constituent Entity
  • POPE (Partially Owned Parent Entity)
  • Ultimate Parent Entity
  • Intermediate Parent Entity
  • Non-Group member
  • Excluded Entity - You can provide one of the below reasons for exclusion:
    • Governmental Entity
    • International Organisation
    • Non-profit Organisation
    • Pension Fund
    • Investment Fund that is an UPE
    • Real Estate Investment Vehicle that is an UPE
    • Entity owned by Excluded Entities under Article 1.5.2 (a)
    • Entity owned by Excluded Entities under Article 1.5.2 (b)

See the following related topics in Administering Tax Reporting: