Tax accounting algorithm - Revision history

Walid ELJAAFARI: /* Construction of the tax proof result */

2026-04-21T18:24:19Z

Construction of the tax proof result

← Older revision		Revision as of 18:24, 21 April 2026
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	===== Tax proof elements computation =====		===== Tax proof elements computation =====
	The following table lists the different tax proof level values and the formula associated with each result flow.		The following table lists the different tax proof level values and the formula associated with each result flow.

			'''The values for the corresponding "Steps" should only be return if at least one input value possesses the corresponding steps :'''

			* '''for Local : "Local to Tax - Standard rate" or "Local to Tax - Other rate" or "Tax losses and Tax credits"'''
			* '''for Reporting : "Reporting to Local"'''
			* '''for Separate : "Reporting to Separate" / "Separate to Reporting"'''
			* '''for Contrbution : "Separate to Contribution" / "Contribution to Separate"'''

	{\| class="wikitable sortable mw-collapsible mw-collapsed"		{\| class="wikitable sortable mw-collapsible mw-collapsed"
	\|+Tax proof level computations		\|+Tax proof level computations

Walid ELJAAFARI: /* Step 1 - Current Tax Charge Computation */

2026-04-17T15:27:20Z

Step 1 - Current Tax Charge Computation

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	* For all entities		* For all entities
	** Contribution to Separate		** Contribution to Separate '''x (-1)'''
	** Separate to Reporting		** Separate to Reporting '''x (-1)'''
	** Reporting to Local		** Reporting to Local '''x (-1)'''
	* '''If "Deferred tax are recognized in local GAAP"=False for the entity'''		* '''If "Deferred tax are recognized in local GAAP"=False for the entity'''
	** '''(-1) x "Local to Tax - Standard rate" and "Local to Tax - Other rate" and "Tax losses and Tax credits"'''		** '''(-1) x "Local to Tax - Standard rate" and "Local to Tax - Other rate" and "Tax losses and Tax credits"'''

Walid ELJAAFARI: /* Tax proof elements computation */

2026-04-17T13:11:00Z

Tax proof elements computation

← Older revision		Revision as of 13:11, 17 April 2026
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	\|'''Net Profit After Tax'''		\|'''Net Profit After Tax'''
	\|'''Net Profit After Tax'''		\|'''Net Profit After Tax'''
	\|'''~~usual~~ sum of corresponding lines*'''		\|'''basic sum of corresponding lines*'''
	\|'''Depends on step'''		\|'''Depends on step'''
	\|'''Income; True-Up P&L = (Final values - Prior year income);Opening correction P&L'''		\|'''Income; True-Up P&L = (Final values - Prior year income);Opening correction P&L'''
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	\|'''Income Tax'''		\|'''Income Tax'''
	\|'''Current Tax items under Selected GAAP'''		\|'''Current Tax items under Selected GAAP'''
	\|'''~~usual~~ sum of corresponding lines* + data from Computational steps'''		\|'''basic sum of corresponding lines* + data from Computational steps'''
	\|'''Depends on step'''		\|'''Depends on step'''
	\|'''Income; Opening correction P&L;''' '''for Step 1: True-Up P&L = (Final values - Prior year income),'''		\|'''Income; Opening correction P&L;''' '''for Step 1: True-Up P&L = (Final values - Prior year income),'''
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	\|'''Income Tax'''		\|'''Income Tax'''
	\|'''Deferred Taxes under Selected GAAP'''		\|'''Deferred Taxes under Selected GAAP'''
	\|'''(-1) * ~~usual~~ sum of corresponding lines* from Computational steps'''		\|'''(-1) * basic sum of corresponding lines* from Computational steps'''
	\|'''Depends on step'''		\|'''Depends on step'''
	\|'''Income; Opening correction P&L;change in tax rate P&L; True-up'''		\|'''Income; Opening correction P&L;change in tax rate P&L; True-up'''

Walid ELJAAFARI: /* Tax proof elements computation */

2026-04-17T12:57:32Z

Tax proof elements computation

← Older revision		Revision as of 12:57, 17 April 2026
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	\|'''Income; True-Up P&L = (Final values - Prior year income);Opening correction P&L'''		\|'''Income; True-Up P&L = (Final values - Prior year income);Opening correction P&L'''
	\|'''Standard'''		\|'''Standard'''
	\|'''Alternate 1 = "Net ~~Taxable income~~"'''		\|'''Alternate 2 = "Net Equity under Local GAAP"'''
	\|'''Level 5 = "Net equity from financial reporting" - Alternate 1 = "Net ~~Taxable income~~"'''		\|'''Level 5 = "Net equity from financial reporting" - Alternate 2 = "Net Equity under Local GAAP"'''
	\|'''Alternate 2 = "Net equity under Separate GAAP" - Level 5 = Net equity from financial reporting'''		\|'''Alternate 2 = "Net equity under Separate GAAP" - Level 5 = Net equity from financial reporting'''
	\|'''Level 4 = "Net equity under Group GAAP" - Alternate 2 = "Net equity under Separate GAAP"'''		\|'''Level 4 = "Net equity under Group GAAP" - Alternate 2 = "Net equity under Separate GAAP"'''

Walid ELJAAFARI: /* Tax proof elements computation */

2026-04-17T07:07:20Z

Tax proof elements computation

← Older revision		Revision as of 07:07, 17 April 2026
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	\|'''Income; True-Up P&L = (Final values - Prior year income);Opening correction P&L'''		\|'''Income; True-Up P&L = (Final values - Prior year income);Opening correction P&L'''
	\|'''Standard'''		\|'''Standard'''
	\|'''Alternate 2 = "Net ~~equity under Local GAAP~~"'''		\|'''Alternate 1 = "Net Taxable income"'''
	\|'''Level 5 = "Net equity from financial reporting" - Alternate 2 = "Net ~~equity under Local GAAP~~"'''		\|'''Level 5 = "Net equity from financial reporting" - Alternate 1 = "Net Taxable income"'''
	\|'''Alternate 2 = "Net equity under Separate GAAP" - Level 5 = Net equity from financial reporting'''		\|'''Alternate 2 = "Net equity under Separate GAAP" - Level 5 = Net equity from financial reporting'''
	\|'''Level 4 = "Net equity under Group GAAP" - Alternate 2 = "Net equity under Separate GAAP"'''		\|'''Level 4 = "Net equity under Group GAAP" - Alternate 2 = "Net equity under Separate GAAP"'''

Walid ELJAAFARI: /* Tax proof elements computation */

2026-04-17T06:48:08Z

Tax proof elements computation

← Older revision		Revision as of 06:48, 17 April 2026
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	\|'''Income; True-Up P&L = (Final values - Prior year income);Opening correction P&L'''		\|'''Income; True-Up P&L = (Final values - Prior year income);Opening correction P&L'''
	\|'''Standard'''		\|'''Standard'''
	\|'''Alternate 1 = "Net equity under Local GAAP"'''		\|'''Alternate 2 = "Net equity under Local GAAP"'''
	\|'''Level 5 = "Net equity from financial reporting" - Alternate 1 = "Net equity under Local GAAP"'''		\|'''Level 5 = "Net equity from financial reporting" - Alternate 2 = "Net equity under Local GAAP"'''
	\|'''Alternate 2 = "Net equity under Separate GAAP" - Level 5 = Net equity from financial reporting'''		\|'''Alternate 2 = "Net equity under Separate GAAP" - Level 5 = Net equity from financial reporting'''
	\|'''Level 4 = "Net equity under Group GAAP" - Alternate 2 = "Net equity under Separate GAAP"'''		\|'''Level 4 = "Net equity under Group GAAP" - Alternate 2 = "Net equity under Separate GAAP"'''

Walid ELJAAFARI: /* Step 1.0. Computation of Level related deferred tax */

2026-04-13T08:13:17Z

Step 1.0. Computation of Level related deferred tax

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	For all the lines with the following steps,		For all the lines with the following steps,

	* Contribution to Separate		* For all entities
	* Separate to Reporting		** Contribution to Separate
	* Reporting to Local		** Separate to Reporting
			** Reporting to Local
			* '''If "Deferred tax are recognized in local GAAP"=False for the entity'''
			** '''(-1) x "Local to Tax - Standard rate" and "Local to Tax - Other rate" and "Tax losses and Tax credits"'''

	The computation gathers per step all the entry data-points for the different flows for tax treatments "base" and "tax" for all the lines that play a role in the the Deferred tax proceess.		The computation gathers per step all the entry data-points for the different flows for tax treatments "base" and "tax" for all the lines that play a role in the the Deferred tax proceess.

Walid ELJAAFARI: /* Tax proof elements computation */

2026-04-09T13:52:00Z

Tax proof elements computation

← Older revision		Revision as of 13:52, 9 April 2026
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	\|'''Income; Opening correction P&L;''' '''for Step 1: True-Up P&L = (Final values - Prior year income),'''		\|'''Income; Opening correction P&L;''' '''for Step 1: True-Up P&L = (Final values - Prior year income),'''
	\|'''Standard and Other'''		\|'''Standard and Other'''
	\|'''Step 1 "Current Tax Charge - Standard Rate" + "Current Tax Charge - Other rate" + corresponding Level 1 "~~Net Taxable Income" / "Net Taxable Income - Other rate~~" and primary account = "Other Current income tax items"'''		\|'''Step 1 "Current Tax Charge - Standard Rate" + "Current Tax Charge - Other rate" + corresponding Level 1 "Current Tax Charge" and primary account = "Other Current income tax items"'''
	\|'''Primary account = "Current income tax"'''		\|'''Primary account = "Current income tax"'''
	\|'''Primary account = "Current income tax"'''		\|'''Primary account = "Current income tax"'''

Walid ELJAAFARI: /* Format of the result output */

2026-04-09T13:47:32Z

Format of the result output

← Older revision		Revision as of 13:47, 9 April 2026
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	\|'''Income; Opening correction P&L;''' '''for Step 1: True-Up P&L = (Final values - Prior year income),'''		\|'''Income; Opening correction P&L;''' '''for Step 1: True-Up P&L = (Final values - Prior year income),'''
	\|'''Standard and Other'''		\|'''Standard and Other'''
	\|'''Step 1 "Current Tax Charge - Standard Rate" + "Current Tax Charge - Other rate"'''		\|'''Step 1 "Current Tax Charge - Standard Rate" + "Current Tax Charge - Other rate" + corresponding Level 1 "Net Taxable Income" / "Net Taxable Income - Other rate" and primary account = "Other Current income tax items"'''
	\|'''Primary account = "Current income tax"'''		\|'''Primary account = "Current income tax"'''
	\|'''Primary account = "Current income tax"'''		\|'''Primary account = "Current income tax"'''

Walid ELJAAFARI: /* Tax proof elements computation */

2026-04-08T10:10:23Z

Tax proof elements computation

← Older revision		Revision as of 10:10, 8 April 2026
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	\|Tax proof elements		\|Tax proof elements
	\|Other Current income tax items		\|Other Current income tax items
	\|For ~~every possible values~~ of Sub-account for Other Current income tax items in "Primary account"		\|For the listedvalues of Sub-account for Other Current income tax items in "Primary account"
	\|aggregation of Other Current income tax items lines per Sub-account		\|aggregation of Other Current income tax items lines per Sub-account
	\|		\|
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	\|Separate to Contribution '''/ Contribution to Separate''' (only for "Variation of reserves for Tax contingencies (UTP)")		\|Separate to Contribution '''/ Contribution to Separate''' (only for "Variation of reserves for Tax contingencies (UTP)")
	\|Flows marked "core" vs Flows marked "non-core"		\|Flows marked "core" vs Flows marked "non-core"
			\|-
			\|'''Tax proof elements'''
			\|'''Adjustments on income taxes'''
			\|'''For every possible values of Sub-account for "Adjustments on income taxes" in "Type of differences"'''
			\|'''aggregation of Adjustments on income taxes lines per Sub-account x (-1)'''
			\|
			* '''Type of difference = "Adjustments on income taxes"'''
			* '''Per "sub-account" for : "Anticipated taxation of dividends" ; "Other deferred tax adjustments" ; "Level related Income tax contingencies (IAS 12)" ; "Other current tax adjustments"'''
			\|'''Income'''
			\|'''Standard'''
			\|'''Local To Tax - Standard rate'''
			\|'''n.a.'''
			\|'''Reporting to Separate / Separate to Reporting (only for "Variation of reserves for Tax contingencies (UTP)")'''
			\|'''Separate to Contribution / Contribution to Separate (only for "Variation of reserves for Tax contingencies (UTP)")'''
			\|'''Flows marked "core" vs Flows marked "non-core"'''
	\|-		\|-
	\|Tax proof elements		\|Tax proof elements
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	\|Reporting to Separate '''/ Separate to Reporting'''		\|Reporting to Separate '''/ Separate to Reporting'''
	\|Separate to Contribution '''/ Contribution to Separate'''		\|Separate to Contribution '''/ Contribution to Separate'''
	\|		\|Flows marked "core" vs Flows marked "non-core"
	\|-		\|-
	\|Tax proof elements		\|Tax proof elements