Introducing Pillar One Automation Technology

We are excited to unveil the new Pillar One Automation Technology solution. This tool aims to help users prepare for the possible effects of the OECD‘s proposed Pillar One framework.

What is Pillar One solution?

Our Pillar One solution is a real-time blockchain-based Transfer Pricing calculation system. It is designed to streamline evaluation, compilation, calculation, and reporting processes related to compliance with Pillar One obligations.

It simplifies the complexities of Pillar One, enabling businesses and tax authorities to navigate it efficiently. Integrating our technology with your ERP will assist in identifying and collecting relevant data from your accounting systems, facilitating the calculation of Amount A, and streamlining tax reporting and compliance processes.

Our Pillar One solution can assist you with:

• Evaluating if the group is currently in scope of the rules; or whether it may be in scope in the future.
• Initiating the impact assessment of the rules.
• Determining the change in effective tax rate and cash tax obligations.
• Identifying items requiring attention. (e.g., the impact of transition rules, tax losses, and quantifying liabilities and risks as part of the due diligence of restructurings).
• Preparing for self-assessments, assisting with provisioning and accounting disclosures by computing Amount A reallocations to market jurisdictions, and generating supporting work papers

Discover how our Pillar One solution can help you calculate the potential Pillar I taxing rights and Amount A. Furthermore, how it can simulate the distribution of the allocatable tax base among your group’s jurisdictions.

Contact us here or fill out the forms below to learn more about how our tool can integrate with your accounting and ERP systems to automatically access relevant data and simplify tax reporting and compliance processes.