Friday, January 14, 2011

Vertex Tax Interface

Tax interface tells Oracle Payroll engine what vertex elements will be used while running payroll processes. There are 3 options

1) Standard - uses old vertex element and not recommended by Oracle
2) Enhanced - uses new vertex element and recommended by Oracle
3) Enhanced + Wage accumlation - This option uses new vertex element as well as accumulate wages for locality where tax are not calculated. e.g. A person lives in A city and works in B city. According to reciprocity rule, he is required to pay taxes only in B city but A city tells him to report his wages. In such cases this option is really helpful.

There is a process given by Oracle payroll named Select Tax interface by which you can set what option will be used. This is a package based concurrent program

No comments:

Post a Comment