What is social insurance contributions in SAP PY-KZ - Kazakhstan?

SAP Term: social insurance contributions

• Component: PY-KZ

• Component Name: Kazakhstan

• Description: Social contributions that an employer makes on employees’ income.

Smart SAP Assistant

• Key Concepts: 
  Social insurance contributions are payments made by employers and employees to the government in order to provide social security benefits. In Kazakhstan, these contributions are managed by the Pension Fund of the Republic of Kazakhstan (PFRK). 
  
  How to use it: 
  In SAP, the PY-KZ Kazakhstan component is used to manage social insurance contributions. This component allows employers and employees to make payments to the PFRK, as well as view and manage their contributions. 
  
  Tips & Tricks: 
  When making payments to the PFRK, it is important to ensure that all information is accurate and up-to-date. This will help ensure that payments are processed correctly and in a timely manner. 
  
  Related Information: 
  For more information on social insurance contributions in Kazakhstan, please visit the official website of the Pension Fund of the Republic of Kazakhstan (PFRK): http://www.pfrk.kz/en/