What is 'information about FGTS by employee' in SAP PY-BR - Brazil?

information about FGTS by employee - Overview

• Component: PY-BR

• Component Name: Brazil

• Description: Name of an event in the eSocial file. In Portuguese, the event is known as 'informações do FGTS por trabalhador'.

information about FGTS by employee - Details

• 
  Key Concepts: 
  The PY-BR Brazil component of SAP is a payroll system that allows employers to manage employee information, including information about the FGTS (Fundo de Garantia do Tempo de Serviço) for each employee. The FGTS is a Brazilian government-mandated savings program that requires employers to deposit 8% of an employee’s salary into a special savings account. 
  
  How to use it: 
  In the PY-BR Brazil component of SAP, employers can view and manage information about each employee’s FGTS account. This includes the amount of money deposited into the account, the date of the last deposit, and any other relevant information. Employers can also use this component to make deposits into an employee’s FGTS account. 
  
  Tips & Tricks: 
  It is important to keep track of all deposits made into an employee’s FGTS account in order to ensure compliance with Brazilian government regulations. Employers should also be aware that there are certain restrictions on when and how much money can be withdrawn from an employee’s FGTS account. 
  
  Related Information: 
  For more information about the PY-BR Brazil component of SAP, please visit the official SAP website. Additionally, employers should consult with a qualified accountant or lawyer for more detailed information about the FGTS program and its regulations.