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Payroll and OTL - EBS (MOSC)

Announcements for Payroll and OTL can now be found in the Announcements - Payroll and OTL - EBS (MOSC) subcategory. Follow to be sure you don't miss a thing!

KR Announcement : Korea 2023 Statutory Changes is now available

Dec 19, 2022 9:45AM edited Dec 19, 2022 9:46AM in Payroll and OTL - EBS (MOSC)

Korea 2023 Statutory Changes is now available in My Oracle Support.

Patch Information

Release 12.2 - Patch 34451387:R12.PAY.C

Please see the following readme on My Oracle Support for full details:

KOREA STATUTORY CHANGES 2023 (Doc ID 2915270.1)

Please be sure to carefully go through all the readme's before beginning to install this patch.

Patch Contents:

Statutory Updates:

Income Tax Rate changes
Maximum Limit Calculation changes for Income Tax Reduction
Separation Pay Service Period Exemption changes
Health Insurance Premium Rate changes
Long Term Care Insurance Premium Rate changes
Min/Max Amount of Health Insurance Premium changes
National Pension Minimum/Maximum Standard Monthly Earning Limit changes

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