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How to use CETR IFRS, if TRCS has more than one reporting hierarchy

edited Apr 27, 2023 3:20AM in Tax Reporting (Direct Tax) 6 comments

We have two reporting hierarchies in TRCS.

  1. UAE Reporting - 0% currently, will be 9% from 2024.
  2. UK Reporting - 19%

TRCS CETR IFRS features enable ETR calculation for group reporting; however, the HQ rate should only be input at FCCS_Global Assumptions.

Due to this, my CETR IFRS can only represent one hierarchy at a given point in time.

Tax auditor reviews ETR for both hierarchy at same point of time.

Kindly help me how to proceed


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