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How tax updates handled in Oracle cloud global Payroll

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Summary:

I would like to understand, how tax updates / bundles are being handled in Oracle Cloud Global payroll application.

Content (required):

Time to time countries may intend to do some changes on their tax slabs. It can very well change time to time. How this is being accommodated in Oracle cloud payroll? What is the role of customers (who are using Oracle cloud payroll) at this situation?

Customer need to take any actions to handle the tax updates? I would like to understand the step by step procedure. Any help will be much appreciated.

Version (include the version you are using, if applicable):

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