What is social tax in SAP PY-KZ - Kazakhstan?

SAP Term: social tax

• Component: PY-KZ

• Component Name: Kazakhstan

• Description: A tax that employers pay for their employees.

Smart SAP Assistant

• Key Concepts: 
  Social tax is a type of payroll tax in Kazakhstan that is paid by employers and employees. It is used to fund social security programs such as pensions, health insurance, and unemployment benefits. The rate of social tax is set by the government and is based on the employee's salary. 
  
  How to use it: 
  In SAP, the social tax component (PY-KZ) is used to calculate the amount of social tax that must be paid by employers and employees in Kazakhstan. The system will automatically calculate the amount of social tax due based on the employee's salary and other factors. 
  
  Tips & Tricks: 
  When setting up the PY-KZ component in SAP, make sure to enter the correct rate of social tax for each employee. This will ensure that the correct amount of social tax is calculated and paid. 
  
  Related Information: 
  For more information about social taxes in Kazakhstan, please refer to the official website of the Ministry of Labor and Social Protection of Kazakhstan.