What is German Regulation on Pay Certificates in SAP ORG-LX-T9N - Team: Corporate Translation?

SAP Term: German Regulation on Pay Certificates

• Component: ORG-LX-T9N

• Component Name: Team: Corporate Translation

• Description: A regulation from the Federal Ministry of Labour and Social Affairs that entered into force on July 1, 2013, governing the content that has to be included in pay certificates for employees under social law.

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• Key Concepts: 
  The German Regulation on Pay Certificates (Lohnsteuerbescheinigung) is a legal requirement in Germany that requires employers to provide employees with an annual pay certificate. This certificate must include information about the employee’s salary, taxes, and other deductions. It is used to calculate the employee’s tax liability and to ensure that the employer is compliant with German tax laws.
  
  How to use it: 
  Employers must generate the pay certificate for each employee at the end of the year. The pay certificate must include all relevant information about the employee’s salary, taxes, and other deductions. The employer must then submit the pay certificate to the local tax office for review and approval. Once approved, the pay certificate must be provided to the employee.
  
  Tips & Tricks: 
  It is important for employers to ensure that all information included in the pay certificate is accurate and up-to-date. Employers should also keep copies of all pay certificates for their records in case of any discrepancies or disputes.
  
  Related Information: 
  The German Regulation on Pay Certificates is part of a larger set of regulations known as the German Tax Code (Abgabenordnung). This code outlines all of the rules and regulations related to taxation in Germany. It is important for employers to familiarize themselves with this code in order to ensure compliance with German tax laws.