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China Annual Tax Exemption Update Effective 1ST JAN 2021 (Doc ID 2745210.1)

Last updated on FEBRUARY 03, 2021

Applies to:

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

Symptoms

As China government recently updated on Tax Law starting 01-JAN-2021, if employees who worked at one company for the entire past financial year and the company reported the Tax for the employees for the whole financial year, and their Incoming is less than 60,000 RMB, then the Tax Exemption is 60,000 RMB directly.

Changes

 China legislative changes:

http://www.chinatax.gov.cn/chinatax/n363/c5159450/content.html

Cause

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In this Document
Symptoms
Changes
Cause
Solution
References


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