Assign Service Year Calculation Rule and Exampted Amount
Customizing Activity
OHACN_SP001
Assign Service Year Calculation Rule and Exampted Amount
Document
Document Class
SIMG
Hypertext: Object Class - Class to which a document belongs.
Document Name
ASSIGN SERVICE YEAR CALCULATIO
Use
In this step, you assign the rule for calculating the service year and the exempted amount in the Tax Grouping for Company table (T7CN36) for the different tax groupings. The Ministry of Finance of the People's Republic of China and China's State Administration of Taxation have set this exempted amount at three times the amount of the social average yearly salary in the previous year in the working place, but you can adjust these values to fulfill local regulations.
Requirements
You have defined the tax groupings for the company.
You have set up the calculation rule for the service year.