Permanent Establishment risk (PE risk) is the risk that the presence of an enterprise in a foreign country has inadvertently created a ‘permanent establishment’ in that country. Meaning the enterprise may inadvertently be liable for corporate income tax and other taxes on business activity.
Equus Platform stores PE Risk Assessment values as a new lookup classification called Level.
You can create a custom value for Risk outcome for use in related features, by creating a new value in Level using Lookup Maintenance.
Project
You can set the PE Risk of a project in the PE Risk Section
PE Risk Value - Holds the calculated value for risk and defaults to N/A. This includes the user id responsible for the change together with date & time of the last calculation. If the calculation was automated, the user id will indicate the Quick Workflow ID. The “View History” button that opens an audit history of the calculation of Risk, including value, date, user, process (manual or automated) and calculation method.
Calculation Method:
Default Rule - calculates the risk value based on the rule defined at a company level.
PE Risk Value Override - sets the override value for the calculation. This lists our the all the values present for the “Level” lookup.
PE Risk Rule Override - An override that utilize Business Rule instead of the lookup fields. A default Business Rule can also be set up in the Project Risk Rule Defaults at a company level. It must have an output type text to map with the code or display value in the classification “Level”.
Project PE Assessment Status - This is a status field with specific values to support the approval process. Values can be customized in the Lookup Maintenance: Risk Status. The value can also be used to display a status in widgets
Click
to execute the risk calculation on demand for the Project.
Quick Workflow
PE Risk can be automated via a Quick Workflow using the automation process 'Calculate PE Risk Assessment' To use this automation, the Data Type on the Quick Workflow should be 'Company' and the Data Source should be 'Project'.
Business Rules
A new 'Origin' value has been added to the condition editor called 'Company Risk' allowing a rule to evaluate when it is being executed in the context of a PE Risk Assessment. Company Risk is also tracked as part of execution history. These details can be seen on the Project screen in the PE Risk section..
Things to Note:
The following screen rights needs to be enabled to use PE Risk
Company Project Risk: This controls the PR Risk Section in the company screen
Project Risk: This controls the PE Risk Section in Project Screen
For the PE Risk Value, if a calculation fails to translate a valid code in the “Level” classification, it’s value will also be N/A.
The View History pop up will only return the most recent 50 results. to display additional details, a user report with PROJECT_RISK table must be used.