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Global Minimum Tax

Pillar 2 Risk Assessments, Reporting, Global Compliance and Forecasting
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Overview

The Orbitax Global Minimum Tax Solution addresses the Pillar 2 rules, with cloud based automation of data collection, computations, reporting, tax form generation, and transmission, integrated with your existing systems. Orbitax uses next gen workflow technology to enable collaboration among internal and external stakeholders worldwide, supported by the tax rules of over 190 countries.

Pillar 2 Calculations

Automated Workflows Powered by E.A.T.

Tax Rules and Compliance for over 190 Countries

Connections with 90+ ERP & Tax Authority Systems

The OECD Pillar 1 and Pillar 2 rules introduce a sea change to global taxation, resulting in an upheaval in international tax rules not seen for almost 100 years.

The two pillars are estimated to levy a total of $275 billion in additional taxes annually on the ten thousand plus MNEs impacted by the rules.

Automate
Each action in the workflow

1. Load Data

  • Excel Template
  • PDF
  • Data Survey
  • XML Schema
  • Orbitax Solutions
  • ONESOURCE (API)
  • 90 ERP (API)
  • Other Systems (API)

2. Apply Rules & Logic

  • Global Tax Calculator incl. IIR, UTPR, STTR, GloBE
  • Filing Due Dates
  • Tax Rates
  • Custom Calculations

3. Create Reports

  • Risk Assessments
  • Multi-year Forecasting
  • Tax provision reporting
  • Pillar 2 compliance forms
  • Charts
  • Dashboards

4. Share Findings

  • ONESOURCE Tax Provision (API)
  • Transmission to local tax authorities
  • Stakeholders
  • Advisors
And stay in control
To keep up

GMT Calculation Templates

The Calculation templates are part of the Orbitax Global Tax Calculator and are maintained in an Excel-like format that can be viewed online or downloaded for local viewing in Excel. The templates are organized with separate areas for inputs, calculations and reports with a full audit trail available for all stakeholder interactions inside the template including review and sign-off.

Reports & Sharing

Get a complete report view in Microsoft Power BI. This includes multiple configurable visuals for viewing and presenting results summaries, scenario comparisons, and year-over-year changes.

About Data

Load entity data, transaction data and financial data from any source - in any format.

Tax Data - Required tax data is automatically populated from the ITP database for different entities and cross-border transactions, including corporate tax rates, withholding tax rates, deductible percentages, and taxable percentages.

Integrate directly with other API-enabled systems

Automate the collection of data from individual contributors through Excel, PDF, and data surveys.

Data Transformation - Irrespective of the data format, once loaded in Orbitax GMT, data is converted into a common format (.qnr) and can be used throughout the Orbitax International Tax Platform.

Data Mapping – use the intuitive data mapping tool to connect the source data to the corresponding data fields in GMT

Next Gen Workflows with E.A.T.

A built-in workflow tool, the Orbitax Executable Actions Tool (E.A.T.), can automate tasks such as data collection, calculation, report generation, population of compliance forms, and final transmission to tax authorities.

E.A.T. provides total control of workflows customized according to different data needs, with visual review and tracking to easily make refinements as the workflow is deployed.

Orbitax is proud to be partnering with

  • EY
  • TR
  • MS