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JP Announcement:R6 - Japan, Flat Amount Tax Cut 2024, Phase-2-2

in Payroll and OTL - EBS (MOSC)

R6 - Japan, Flat Amount Tax Cut 2024, Phase-2-2 is now available in My Oracle Support

Patch Information:

12.2 – Patch 36629005:R12.PAY.C

Note: Please be sure to carefully read all the readme's before beginning to install this patch, to ensure successful processing.

Patch Contents:

Statutory Updates:

As one of the FY 2024 tax reforms, a tax cut of 30,000 yen per person including dependents will be deducted from the Income tax from June 2024 on wards.

Phase-2-2 patch delivers changes to Year-End Adjustment formulas and the Withholding Tax Report

This patch also includes the changes delivered earlier through below patches

R6 - Japan, Flat Amount Tax Cut 2024, Phase-2-1 Patch

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