Calculation

In the context of tax management and reporting, the term calculation refers to a data-driven process that produces specific results in compliances with the relevant laws and guidelines. These calculations are essential for deriving key financial indicators such as tax liabilities, income adjustments, and safe harbors.

In the Pillar 2 module, the calculation process creates a snapshot that reflects the data exactly as it was in the moment of its creation. Snapshots do not change as new data is added to the module or when jurisdictional or entity elections are changed. Instead, after entering new data or to evaluate the impact of an election, you have to create new snapshots.

In the Home workspace, users can create new snapshots or select an existing snapshot. The other workspaces display the information from that snapshot.