What is employment tax statement in SAP PY - Payroll?

SAP Term: employment tax statement

• Component: PY

• Component Name: Payroll

• Description: The document issued by the employer when an employment relationship is terminated or at the end of a calendar year, and forms an important basis for income taxation. The employer is obliged amongst other things to specify the length of the employment relationship, the type and level of the wage paid, and the employment tax deducted further information can be found in § 41 b of the Income Tax Law. The electronic employment tax statement was introduced on 1.1.2004 and has to be submitted to the tax office by Electronic Data Exchange by February 18 of the following year at the latest. The employer has to provide the employee with a print out of the electronic employment tax statement based on the official prototype provided, specifying the employment tax attributes or make it available to them electronically.

Smart SAP Assistant

• Key Concepts: 
  Employment tax statement is a document that is generated by the SAP Payroll system (PY) to provide information about the taxes that have been withheld from an employee’s salary. This document is used to report the taxes to the relevant tax authorities. It includes details such as the employee’s name, tax ID, salary, and the amount of taxes withheld. 
  
  How to use it: 
  The employment tax statement can be generated in SAP Payroll by going to the “Payroll” tab and selecting “Employment Tax Statement” from the drop-down menu. This will open a window where you can enter the employee’s name and tax ID. Once you have entered this information, you can generate the statement by clicking “Generate”. 
  
  Tips & Tricks: 
  It is important to ensure that all of the information entered into the employment tax statement is accurate, as this will be used to report taxes to the relevant authorities. Additionally, it is important to keep a copy of the statement for your records in case it needs to be referenced in the future. 
  
  Related Information: 
  For more information on generating an employment tax statement in SAP Payroll, please refer to SAP Help documentation at https://help.sap.com/viewer/product/SAP_ERP_HCM/6.0/en-US/f3d7f9a8b2e14c8a9f3d7f9a8b2e14c8a9f3d7f9a8b2e14c8a9f3d7f9a8b2e14c8a9f3d7f9a8b2e14c8a9f3d7f9a8b2e14c8a9f3d7f9a8b2e14c8a9f3d7f9a8b2e14c8a9f3d7f9a8b2e14c8a9f3d7f9a8b2e14c8a9f3d7f9a8b2e14c8a9f3d7f9a8b2e14c8a9/.