Hypertext: Object Class - Class to which a document belongs.
Document Name
PAY_SG_TAX1
Use
In this IMG activity, you maintain the capping amount for each Benefit In Kind (BIK). During payroll run, Singapore Income Tax IR8A (New Report) (RPCT8AR0_01) reads the capping amount you maintain here. If the actual benefit is:
Less than the capping amount, the BIK value is exempted from tax.
Greater than the capping amount, the entire BIK value is taxed.
Example
Requirements
Standard settings
Recommendation
Activities
Select New Entries.
Enter the relevant BIK wage type in the Wage Type field.
Enter the corresponding capping amount in the Amount field.