Oracle HRMS supports the capture of the provincial tax office name and address as well as bank account details to enable the employer to transfer the tax deductions correctly.
Oracle HRMS also enables you to request and upload employee tax information from the tax administration. The application will extract the tax information for each employee assignment. The application also provides you the option to create formulas that can override the standard number of tax days.
Attention: You can update the tax information manually if an employee receives a new tax card during the tax year, but this action resets all tax balances for the employee. You will lose all previous tax information for the employee.
Create your provincial tax offices.
Enter the employee's tax information through the Tax Information tab on the Assignment window. See: Entering Additional Assignment Details (Assignment Window)
Link the Tax element to your payroll.
Note: You have the option to link the Tax Days Override element to the payroll if you need to prorate the tax days for employees who joined some time during a month or if you want to change the number of tax days. This is only applicable to employees with a Periodic tax card type.
Note: The periodic calculation uses the standard tax days for each period, but there are some circumstances where an abnormal pay period occurs - this is where the tax days for the period is either greater or less than the standard number of tax days. You can create your own formulas for overriding the standard tax days and select it from the Further Payroll Information window. The application gives the priority to the formula and then checks the element entry.
Attach the Tax element to all employee assignments. You need to attach the Tax Card and Tax Days Override elements to the employee's primary assignment.
Upload the tax card details into your application.
Note: Once you upload the tax card information correctly, the application extracts the employee tax information and stores it in the available elements.