KR HRMS - 6 Aged Below Tax Exemption Is Changed from 2018
(Doc ID 2398661.1)
Last updated on MAY 14, 2018
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
To view full details, sign in with your My Oracle Support account.
Don't have a My Oracle Support account? Click to get started!