What is 'exempt threshold' in SAP PY-NL - The Netherlands?

exempt threshold - Overview

• Component: PY-NL

• Component Name: The Netherlands

• Description: Legal minimum amount an employee must get paid to cover the basic cost of living.

exempt threshold - Details

• 
  Key Concepts: 
  The exempt threshold in SAP PY-NL The Netherlands is the amount of income that is exempt from taxation. This amount is determined by the Dutch government and is subject to change. It is important to note that this amount is different for each individual, depending on their personal circumstances. 
  
  How to use it: 
  In order to use the exempt threshold in SAP PY-NL The Netherlands, you must first enter the employee's personal information into the system. This includes their salary, marital status, and any other relevant information. Once this information has been entered, the system will automatically calculate the exempt threshold for that employee. 
  
  Tips & Tricks: 
  It is important to keep up to date with any changes in the Dutch government's exempt threshold. This will ensure that your employees are not overpaying or underpaying taxes. Additionally, it is important to double-check all calculations made by the system to ensure accuracy. 
  
  Related Information: 
  For more information on the exempt threshold in SAP PY-NL The Netherlands, please refer to the official Dutch government website. Additionally, you can consult with a tax professional for more detailed advice on how to use this feature in SAP PY-NL The Netherlands.