What is annual tax statement in SAP PY-NL - The Netherlands?

SAP Term: annual tax statement

• Component: PY-NL

• Component Name: The Netherlands

• Description: The overview of annual amounts that an employer provides to an employee or beneficiary who has received wage.

Smart SAP Assistant

• Key Concepts: 
  An annual tax statement is a document that is generated by the SAP system for the Netherlands (PY-NL) to report an employee’s taxable income and deductions for the year. It is used to calculate the amount of taxes that must be paid by the employee. 
  
  How to use it: 
  The annual tax statement is generated by the SAP system based on the employee’s salary and other deductions. The statement can be printed or sent electronically to the employee or to the tax authorities. 
  
  Tips & Tricks: 
  It is important to ensure that all of the information on the annual tax statement is accurate and up-to-date. This includes salary information, deductions, and any other relevant information. 
  
  Related Information: 
  The annual tax statement is part of the payroll process in SAP. Other related documents include payslips, wage types, and payroll results.