Step-by-step computation for Macro-step 7: Difference between revisions
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== Purpose == | |||
The purpose of the UTPR computation is to identify the amount of Top-Up Tax not taken into account by the Income Inclusion Rule, and reallocate it across the UTPR Jurisdiction according to the allocation key. | The purpose of the UTPR computation is to identify the amount of Top-Up Tax not taken into account by the Income Inclusion Rule, and reallocate it across the UTPR Jurisdiction according to the allocation key. | ||
== General Logic == | |||
In order to perform the UTPR computation, the total amount of Top-Up Tax is compared with the amount of Top-Up Tax effectively allocated for payment through the IIR, and the difference is used as a base before reallocation using the formulary apportionment key across all UTPR Jurisdictions. | In order to perform the UTPR computation, the total amount of Top-Up Tax is compared with the amount of Top-Up Tax effectively allocated for payment through the IIR, and the difference is used as a base before reallocation using the formulary apportionment key across all UTPR Jurisdictions. | ||
== Data Input == | |||
The Data input for Macro-step 7 consists in : | The Data input for Macro-step 7 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 == | |||
The Data output for Macro-step consists in : | The Data output for Macro-step 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 == | |||
=== Step 7.1. - Computation of Total UTPR amount === | |||
=== Step 7.2. - Computation of coefficients per Jurisdictions === | |||
=== Step 7.3. - Final UTPR computation per jurisdiction === | |||
Revision as of 11:11, 12 December 2023
Purpose
The purpose of the UTPR computation is to identify the amount of Top-Up Tax not taken into account by the Income Inclusion Rule, and reallocate it across the UTPR Jurisdiction according to the allocation key.
General Logic
In order to perform the UTPR computation, the total amount of Top-Up Tax is compared with the amount of Top-Up Tax effectively allocated for payment through the IIR, and the difference is used as a base before reallocation using the formulary apportionment key across all UTPR Jurisdictions.
Data Input
The Data input for Macro-step 7 consists in :
- The list of Top-Up Tax amounts from the Macro-step 5 ;
- The list of allocated Top-Up Tax amounts according to the IIR;
- The input data for the formulary apportionment;
- The share of UTPR effectively charged in the previous years;
The detailed matrix is available in the relevant section of the Pillar 2 Data Structure.
Data Output
The Data output for Macro-step consists in :
- The UTPR amounts affected to each Jurisdictions ;
- The GloBE Information Return output data
The detailed matrix is available in the relevant section of the Pillar 2 Data Structure.