Pillar Two
Discussion List
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To-Up Tax Not Copying to UPE member post ConsolidationSummary: Hi, I'm facing an issue with Allocating Pillar Two Top-Up Tax to Parent Payer. The "Pillar Two Qualified Top-Up Tax By Entity" form correctly displays the Top-U… -
Sample Application - TRCS - Does it have any data?Summary: Does the sample TRCS application has data? If yes which are the POVs it has data? Content (please ensure you mask any confidential information): Does the sample… -
TRCS - Rolling over from one year to next yearSummary: We are rolling over the data from FY24 to FY25 the data is not populating for FY25 Content (please ensure you mask any confidential information): We have enable…
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Configure SBIE Tangible Assets to use the FX Ending Rate and not the default Average RateSummary: 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 u…
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Filing Pillar Two GIR with HMRCSummary: I was hoping that the Pillar Two solution in TRCS would include an xml GIR which is compliant with OECD GloBE Information Return (GIR) XML Schema to enable us t…
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Clarification on Top-Up Tax Calculation Logic in TRCSAs per the TRCS Admin Guide, the logic for calculating top-up tax is based on entity-level ETR. It states that if an entity’s ETR is below the Pillar Two tax rate (15%),…Urmila Solanki 96 views 6 comments 0 points Most recent by Ken Kramer-Oracle Tax Reporting (Direct Tax)
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Can we disable feature from configuration card in TRCS ?feature was enabled earlier in TRCS configuration for testing purposes. However, we now want to disable these features ex: like Pillar Two and CbCR , Dynamic jurisdictio…Mohitbkn -Oracle 10 views 1 comment 0 points Most recent by Siva G.-Oracle Tax Reporting (Direct Tax)
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When is the release of deferred tax recapture, deferred tax recast regional tax, UTPR, & GIR filing?Summary: The client wants to know the release of following features with regard to Pillar Two: Parent Entity’s Allocable Share of the Top-up Tax to be included in curren…
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SBIE Average's translation in TRCSSummary: Wanted to understand if the translation of the "SBIE average" formula is as intended Content (please ensure you mask any confidential information): We have the … -
SBIE Average Rule calculation in Translated currency is Likely OffSummary: The SBIE Average rule in Translated currency looks off. After translating the opening & closing balance amounts, the average value is also translated using the …
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Pillar Two Safe Harbor is enabled in the application but how does it impact top tax calculation?Safe harbor is enabled in the application but it seems not impacting any top tax calculation. Ideally if Safe harbor is applicable on the jurisdiction then top up tax sh…Karan Varshney 62 views 3 comments 0 points Most recent by Ken Kramer-Oracle Tax Reporting (Direct Tax)
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GloBE Information Return TimingSummary: GloBE Information Return Timing Content (please ensure you mask any confidential information): Good work so far on Pillar Two. Are you able to provide guidance …Liz Leerson 52 views 3 comments 0 points Most recent by Ken Kramer-Oracle Tax Reporting (Direct Tax)
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Important 25.11 Update in EPM Platform Forum for Tax ReportingSummary: Information impacting Nov 2025 EPM Production Update to Tax Reporting See Link below for details: 25.11 update will NOT be applied on the production environment…Ken Kramer-Oracle 25 views 0 comments 0 points Most recent by Ken Kramer-Oracle Tax Reporting (Direct Tax)
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Safe Harbour set up using System FunctionalitySummary: While doing the safe harbour set up using TRCS safe harbour functionality, facing below error: ETR getting calculated at entity level, even though there are mul…Yogita Inani 21 views 1 comment 0 points Most recent by Ken Kramer-Oracle Tax Reporting (Direct Tax)
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Pillar Two (QDMTT, IIR, UTPR) and Qualified Parent & Entity Top Up Tax Allocation in TRCSSummary: Require clarity on the release timeline and roadmap for Pillar Two functionalities (QDMTT, IIR, UTPR) in TRCS, including the Qualified Parent and Entity Top Up …Varsha Aggarwal 72 views 1 comment 0 points Most recent by Ken Kramer-Oracle Tax Reporting (Direct Tax)
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Pillar Two Temporary Difference DT calculation (current or closing rate?)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/ta…Tom Stevenson 24 views 1 comment 0 points Most recent by Ken Kramer-Oracle Tax Reporting (Direct Tax)
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Safe Harbor Consolidation ErrorSummary: I get this error when running safe harbor consolidation: "Consolidation cannot be performed. Either the selected entity or its descendants are already being pro…
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Pillar 2 QueriesSummary: Couple of queries re Pillar 2 presentation in TRCS Content (please ensure you mask any confidential information): Got a couple of queries re Pillar 2 presentati…