Pillar Two Covered Taxes - shared deferred tax not flowing through for Fixed Assets — Cloud Customer Connect
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Pillar Two Covered Taxes - shared deferred tax not flowing through for Fixed Assets

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Summary:

For the Covered Taxes calculation the total temporary differences has been shared as a member below TRCS_TemporaryDifferencesTotal in the Account hierarchy. Note that the Temporary Differences includes Fixed Assets book to tax differences and other items such as Provisions that reference the trial balance.

When the Covered Taxes is run, deferred tax movements like provisions flow through to Covered Taxes but the Fixed Assets movements do not flow through. In this environment the Fixed Assets form is populated and the book to tax difference movement flows to the Current Provision and Deferred Tax form.

Is there another setting or requirement to include the Fixed Assets book to tax movement in the Covered Taxes Automation?

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