What is country-specific wage type split in SAP PY - Payroll?

SAP Term: country-specific wage type split

• Component: PY

• Component Name: Payroll

• Description: A reference from a wage type in table RT Results Table to country-specific information on an employee. This includes information on tax and social insurance.

Smart SAP Assistant

• Key Concepts: 
  Country-specific wage type split is a feature of SAP Payroll (PY) that allows for the splitting of wage types into different components based on the country in which the employee is located. This feature allows for more accurate payroll calculations and helps to ensure compliance with local regulations. 
  
  How to use it: 
  To use the country-specific wage type split feature, you must first configure the wage types in the system. This includes setting up the wage types, assigning them to a country, and defining the split components. Once this is done, you can then assign the wage types to employees and use them in payroll calculations. 
  
  Tips & Tricks: 
  When configuring the wage types, it is important to ensure that all of the necessary components are included in order to ensure accuracy. Additionally, it is important to keep track of any changes that are made to the wage types as these can have an impact on payroll calculations. 
  
  Related Information: 
  For more information on configuring and using country-specific wage type splits, please refer to SAP's documentation on Payroll (PY). Additionally, you can find more information on SAP's website or by speaking with your local SAP representative.