Thank you for supporting the Cloud Customer Connect Community in 2024. It's a gift to work with you!

Look back
You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

Pillar Two Out Of Scope Entity

in Tax Reporting (Direct Tax) 1 comment

Summary: What are the correct steps recommended by Oracle to determine if an entity is out of scope and steps required.  

Content (please ensure you mask any confidential information):

Use Case:

We have received conflicting information from Oracle about out-of-scope entities. Earlier it was mentioned that we must take following steps when an entity is out of scope:

  • Remove the “Pillar Two Attribute” and set to none.
  • Remove the Jurisdiction assignments when an entity goes out of scope as the assignment is Scenario / Year / Period specific. 
  • Tested a specific entity for FY22/CBCR scenario/P12/
  • a) Step 1- Removed the jurisdiction on the specific entity and data still populates.  
Tagged:

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!