Salary Deduction of Defined Contribution Pension
By Carolyn Cozart on Oct 31, 2011
Salary Deduction of Defined Contribution Pension Contribution from January 2012
Customers using Global Payroll for Japan
Information in Japanese is also available from the following web site:
Payee's contribution to defined contribution pension plan (enterprise type) will become legitimate effective January 1st, 2012.
As defined contribution pension plan is deductible from taxable income, it has the impact on Withholding Tax and Year-End Adjustment calculation. Global Payroll for Japan provides new deductions for defined contribution pension.
These changes are expected to be delivered for releases 9.0 and 9.1 by end of November 2011, provided there are no further amendments.
Note references to the resolution numbers:
9.0 – 852872 (Global Payroll 9.0 Update 2011-F)
9.1 – 852866 (Global Payroll 9.1 Update 2011-F)
Customers who have purchased extended support for release 8.9 can contact support to get information about availability of the update on this release.
Please refer to the Position Statement posted to My Oracle Support, Document 1357856.1