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JP Announcement:R7 - Japan, Income Tax reform 2025, Phase-1
R7 - Japan, Income Tax reform 2025, Phase-1 is now available in My Oracle Support
Patch Information:
12.2 – Patch 38344657:R12.PAY.C
38323122:R12.PER.C is the HRGLOBAL NLS translation patch
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:
The Japan FY2025 tax reform will revise the personal basic deduction and the salary income deduction, and introduce the new deduction 'Special Deduction for Specific Relatives'.
In R7 - Japan, Income Tax reform 2025, Phase-1 , Oracle delivers the following changes
- Revise the basic deduction
- Revise the total income requirements for various deductions