Hierarchy
SAP_HRCNZ (Software Component) Sub component SAP_HRCNZ of SAP_HR⤷
PY-NZ (Application Component) New Zealand⤷
PC43 (Package) HR accounting: New Zealand
Basic Data
| Data Element | PNZ_TAXEEP |
| Short Description | Extra Emolument 33% rate option |
Data Type
| Category of Dictionary Type | D | Domain |
| Type of Object Referenced | No Information | |
| Domain / Name of Reference Type | XFELD | |
| Data Type | CHAR | Character String |
| Length | 1 | |
| Decimal Places | 0 | |
| Output Length | 1 | |
| Value Table |
Further Characteristics
| Search Help: Name | ||
| Search Help: Parameters | ||
| Parameter ID | ||
| Default Component name | ||
| Change document | ||
| No Input History | ||
| Basic direction is set to LTR | ||
| No BIDI Filtering |
Field Label
| Length | Field Label | |
| Short | 10 | EEP. Rate |
| Medium | 15 | EEP. Rate 33% |
| Long | 20 | EEP. Rate 33% option |
| Heading | 20 | EEP. Rate 33% option |
Documentation
Definition
Indicates that the employee is taxed at the highest rate (33%) on his or her extra emolument payments, regardless of whether his or her income exceeds the extra emolument tax bracket defined in Customizing for Payroll New Zealand under Taxation -> Tax Codes -> Define Extra Emolument Rate.
Use
This field can only be used until 01.04.2000. After this date, you must use the Extra emolument rate field.
An employee may ask to be taxed at the higher rate because he or she believes that at the end of the tax year, his or her annual income will have exceeded the extra emolument tax bracket (38,000 NZD) and wishes to avoid having to pay back tax.
If you do not select this option, the total of the employee's gross salary over the previous four weeks is grossed up to an annual salary.
- If the annual salary and all extra emolument payments are less than 38,000 NZD, the tax rate is 21%
- If the annual salary and all extra emolument payments are greater than 38,000 NZD, the tax rate is 33%.
History
| Last changed by/on | SAP | 19980728 |
| SAP Release Created in |
