[Contributing Authors: Oracle Asia Pacific Payroll Development]
China Statutory updates on Annual Bonus Taxation effective Jan 01, 2019 has been released.
Patch Information
12.1 – Patch 29170208:R12.PAY.B
12.2 – Patch 29170208:R12.PAY.C
Note that these patches require the post install steps of running the data installer and hrglobal.drv.
Please be sure to carefully read all the readme’s before beginning to install this patch, to ensure successful processing.
Description
On Dec. 27, 2019, the government announced there would be a 3-year-long grace period for the existing annual bonus tax calculation rule.
This patch delivers the required changes (effective Jan 1, 2019) to be capable of continuing to use the existing annual bonus tax calculation rule under the Accumulative Withholding Method.
HRMS Mandatory & Recommended Patch Information for Asia Pacific
For the complete R12.1.x HRMS Mandatory Patch List, see My Oracle Support Knowledge Document 874563.1
For the complete R12.2.x HRMS Mandatory Patch List, see My Oracle Support Knowledge Document 1670198.1
If you experience any issues with this patch, please log a Service request on My Oracle Support, product: Oracle HRMS (China)
Gong Xi Fa Cai !