Step-by-step computation for Macro-step 4: Difference between revisions

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=== Purpose ===
== Purpose ==
The purpose of the Specific election treatments is to run the computations linked to the different elections at the different level of segmentation (Jurisdiction, Constituent Entity...).
The purpose of the Specific election treatments is to run the computations linked to the different elections at the different level of segmentation (Jurisdiction, Constituent Entity...).


=== General Logic ===
== General Logic ==
In order to perform the election treatments, the Macro-step treats every single elections independently and ensures the validity of the data already collected or generates the corresponding adjustments.
In order to perform the election treatments, the Macro-step treats every single elections independently and ensures the validity of the data already collected or generates the corresponding adjustments.


=== Data Input ===
== Data Input ==
The Data input for Macro-step 4 consists in :
The Data input for Macro-step 4 consists in :


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The detailed matrix is available in the relevant section of the [[Pillar 2 Data Structure]].
The detailed matrix is available in the relevant section of the [[Pillar 2 Data Structure]].


=== Data Output ===
== Data Output ==
The Data output for Macro-step 4 consists in :
The Data output for Macro-step 4 consists in :


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The detailed matrix is available in the relevant section of the [[Pillar 2 Data Structure]].
The detailed matrix is available in the relevant section of the [[Pillar 2 Data Structure]].


=== Detailed Step by step approach ===
== Detailed Step by step approach ==
See detailed [[Step-by-step computation for Macro-step 4]], to review the detailed computational steps.
 
=== Step 4.1. - Aggregate asset gain election (Article 3.2.6.) ===
 
=== Step 4.2. - Equity Investment Inclusion Election (Article 3.2.1(c)) ===
 
=== Step 4.3. - Stock-based compensation election (Article 3.2.2) ===
 
=== Step 4.4. - Realisation principle election (Article 3.2.5) ===
 
=== Step 4.5. - Intra-group transactions election (Article 3.2.8) ===
 
=== Step 4.6. - Debt Release election (Article 3.2.1) ===
 
=== Step 4.7. - Unclaimed Accrual Election (Article 4.4.7) ===
 
=== Step 4.8. - Inclusion of all dividends with respect to Portfolio Shareholdings (Article 3.2.1(b)) ===
 
=== Step 4.9. - Treating foreign exchange gains or losses attributable to hedging as an Excluded Equity Gain or Loss (Article ===
 
=== 3.2.1(c)) ===
 
=== Step 4.10. - Investment entity tax transparency election (Article 7.5) ===
 
=== Step 4.11. - Taxable distribution method election (Article 7.6) ===
 
=== Step 4.12. - Fair value election (Article 6.3.4) ===

Latest revision as of 09:51, 31 December 2023

Purpose

The purpose of the Specific election treatments is to run the computations linked to the different elections at the different level of segmentation (Jurisdiction, Constituent Entity...).

General Logic

In order to perform the election treatments, the Macro-step treats every single elections independently and ensures the validity of the data already collected or generates the corresponding adjustments.

Data Input

The Data input for Macro-step 4 consists in :

  • The list elections made at the right level of segmentation;
  • The list data-sets required for each elections;

The detailed matrix is available in the relevant section of the Pillar 2 Data Structure.

Data Output

The Data output for Macro-step 4 consists in :

  • The list of adjustments corresponding to the various elections ;
  • The error controls of the adjustments, if the adjustments were already present ;
  • The GloBE Information Return data for the relevant elections

The detailed matrix is available in the relevant section of the Pillar 2 Data Structure.

Detailed Step by step approach

Step 4.1. - Aggregate asset gain election (Article 3.2.6.)

Step 4.2. - Equity Investment Inclusion Election (Article 3.2.1(c))

Step 4.3. - Stock-based compensation election (Article 3.2.2)

Step 4.4. - Realisation principle election (Article 3.2.5)

Step 4.5. - Intra-group transactions election (Article 3.2.8)

Step 4.6. - Debt Release election (Article 3.2.1)

Step 4.7. - Unclaimed Accrual Election (Article 4.4.7)

Step 4.8. - Inclusion of all dividends with respect to Portfolio Shareholdings (Article 3.2.1(b))

Step 4.9. - Treating foreign exchange gains or losses attributable to hedging as an Excluded Equity Gain or Loss (Article

3.2.1(c))

Step 4.10. - Investment entity tax transparency election (Article 7.5)

Step 4.11. - Taxable distribution method election (Article 7.6)

Step 4.12. - Fair value election (Article 6.3.4)

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