KR HRMS - 6 Aged Below Tax Exemption Is Changed from 2018 (Doc ID 2398661.1)

Last updated on SEPTEMBER 29, 2020

Applies to:

Oracle HRMS (Republic of Korea) - Version 12.1.3 and later
Information in this document applies to any platform.

In KR HRMS Legislative, 6 Aged Below Tax Exemption will be changed from 2018.

The additional tax break for children of age 6 or under will be removed.

Because of this change, Separation Pay's Income Tax amount can be changed.

However, current calculation logic does not include this change.

So, calculated income tax amount is incorrect.

KR Legislative change from 01-Jan-2018

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