Symptom
On March 19, 2022, the State Administration of Taxation announced the policy regarding deductions for private pensions from individual income tax.
Starting from Jan 1, 2022, those who participate in private pension schemes will be entitled to a contribution deduction of up to 12,000 yuan each year from their annual taxable income. This KBA introduces this legal change regarding China Private Pension.
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Environment
- Human Capital Management (HCM)
- SAP ERP
- SAP enhancement package for SAP ERP
- SAP enhancement package for SAP ERP, version for SAP HANA
- SAP SuccessFactors Employee Central Payroll
- SAP S/4 HANA
Product
SAP ERP all versions ; SAP S/4HANA all versions ; SAP SuccessFactors Employee Central Payroll all versions ; SAP enhancement package for SAP ERP all versions ; SAP enhancement package for SAP ERP, version for SAP HANA all versions
Keywords
China Private Pension, /4PP, /4PD, 12000, CNDED, HCNCMTX0, HCNCTXD0, HCNCYDU0 , KBA , PY-CN , China , How To
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