Filter a list/library by selecting values from different term set trees

Hi,
If I am not mistaken, it is currently not possible to set more a filter on more than one tree. It can be always only one filter in one tree within a termset.
Example. I have a term set for geographical information such as region, country, province and another term set for periods with year, quarter and month. I would like to select all related items be applying two filters - one for region and another one for period...

The only option I have seen is using the "key word filters" but that has the drawback that you would need to select all items within a branch to get all of them...that's cumbersome compared to the selection from the tree where you can simply select the highest level item.

I think the filter pane in SP Online is offering this solution. Is there any chance to have something similar for SP on premise?

Regards,

Patrick