In order to illustrate the impact of Pillar Two Model Rules on Tax Accounting, our professionals with over 2 years of experience in running Pillar Two projects, have created an Excel calculation template that focuses on the fundamental steps of the Pillar Two Model, which include the calculation of:
- GloBe income;
- Covered taxes;
- GloBE Effective Tax Rate;
- Top-up tax Rate.
This calculation template guides you through the key elements of the Top-Up Tax Calculation at the level of the Ultimate Parent Entity, involving two constituent entities in different tax jurisdictions.