What is tax privilege in SAP PY-RU - Russia?

SAP Term: tax privilege

• Component: PY-RU

• Component Name: Russia

• Description: A benefit that entitles employees to a reduction in tax, for example, in income tax. If employees are entitled to tax privileges, for example, when they purchase real estate, the system reduces the amount on which the income tax calculation is based, thereby reducing the amount of income tax that the system deducts from an employee’s salary.

Smart SAP Assistant

• Key Concepts: 
  Tax privilege is a feature of the PY-RU Russia component of SAP software. It allows employers to reduce the amount of taxes they pay on their employees' salaries. This is done by granting tax privileges to certain employees, such as those with disabilities or those who are members of certain social groups. 
  
  How to use it: 
  To use the tax privilege feature, employers must first identify which employees are eligible for the privilege. This can be done by checking the employee's status in the system. Once identified, employers can then enter the tax privilege information into the system and apply it to the employee's salary. 
  
  Tips & Tricks: 
  It is important to remember that tax privileges are only applicable to certain employees and not all employees. Additionally, employers should ensure that they are aware of any changes in tax laws that may affect their ability to grant tax privileges. 
  
  Related Information: 
  For more information on tax privileges and how to use them in SAP software, please refer to the official SAP documentation. Additionally, employers should consult with a qualified accountant or tax advisor for advice on how best to use this feature.