Pillar Two Temporary Difference DT calculation (current or closing rate?) — Cloud Customer Connect
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Pillar Two Temporary Difference DT calculation (current or closing rate?)

in Tax Reporting (Direct Tax) 1 comment

Summary:

We share our temporary differences into Pillar Two covered Tax hierarchy using the method described in the admin guide (https://docs.oracle.com/en/cloud/saas/tax-reporting-cloud/agtrc/configuring_temporary_differences_movements_for_covered_tax.html)

The values seem to differ from our Current year DT values in provision though, as they are taking the temporary difference x closing rate in pillar two whereas the DT in the provision is temporary difference x current rate. Can I check whether this is intended?

We have enabled Recast at closing rate. I know this is not GA until 25.06 so may be something coming then?

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