EPY: Spain Needs To Be Updated In NR Alien Tax Treaty Table
(Doc ID 2330224.1)
Last updated on NOVEMBER 20, 2017
Applies to:PeopleSoft Enterprise HCM Payroll for North America - Version 9.2 to 9.2 [Release 9]
Information in this document applies to any platform.
On : 9.2 version, Taxes
Spain needs to be updated in NR Alien Tax Treaty Table
Although PeopleSoft has the amount listed as $5,000.00 for studying and training, the treaty amount is actually $5,000.00 – the personal allowance exemption. So for 2017 the treaty amount should be $950.00 This needs to be fixed so these students are not under withheld. The documentation is the treaty itself. It is in the Protocol: number 16:
The amount of $5,000.00 United States dollars referred to in paragraph 1(b)(iii) and the amount of 8000 United States dollars referred to in paragraph 2(b) includes any amount excluded or exempted from taxation under the laws of that other Contracting State (the United States).
https://www.irs.gov/pub/irs-trty/spain.pdf see page 25.
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