Netherlands Standard Tax Calculation Is Incorrect
Last updated on JULY 15, 2016
Applies to:Oracle HRMS (Netherlands) - Version 12.1.3 and later
Information in this document applies to any platform.
Wrong Calculation in Fast Formula 'NL_CALC_STANDARD_TAX'
We discovered an error in the calculation of the Standard_Tax_Deduction.
Our person in 65. The exemption rule is 'Over65'. To get thet values of the 'NL_STANDARD_TAX_TABLE_A' , 'NL_STANDARD_TAX_TABLE_B', 'NL_STANDARD_TAX_TABLE_C' this one is used.
After that the exemption rule is set to 'Normal'.
Somewhere down the formula the value of 'NL_TAX_REDUCTION_H' is gathered. We want that there also the exemption rule 'Over65' is used.
Now the 'Normal' rule is used because in other table like 'NL_LABOUR_TAX_REDUCTION_M' there is now entry for 'Over65'.
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