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Configure SBIE Tangible Assets to use the FX Ending Rate and not the default Average Rate

in Tax Reporting (Direct Tax) 3 comments

Summary:

We would like to use the Ending rate and not the default Average rate for the Pillar Two Substance based income exclusion tangible assets. We assumed we could use the 'Pillar Two FX Rates Full Year' form and populate this with the Ending FX Rates. I have tried populating this form but the system does use the values entered in the 'Pillar Two FX Rates Full Year' form. I have not found any Oracle documentation regarding how to configure Pillar Two to use this Form. Can somebody please explain how to setup Pillar Two to use the Ending FX Rates

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