Vietnam Statutory Deduction Rate Master

Select the “Statutory Deduction Rate Master” activity under the “Vietnam Statutory Master Definition” business component.

The “Vietnam Statutory Deduction Rate Master” page appears.

Note: Clicking this icon available near certain fields takes you to the help page of the respective field.

The mandatory fields are represented as bold.

The system displays the following

Vietnam Statutory Setup Unit	Use the drop-down list box to select the Vietnam statutory setup unit for which the statutory deduction rate has to be defined. The combo is loaded with the corresponding OU names and defaulted with the OU currently logged in.
Currency	The currency of the Vietnam statutory.

The system displays the following in the “Access History” group box:

Effective Period

The effective period for the statutory type. The drop-down displays the latest values by default. Use the drop-down values to view previous ‘history data’.

Enter the following details in the “Tax Exempted Item Details” multiline:

Statutory Type	The system displays the type of statutory for which the rate details are to be defined.
Employee Percentage	The employee contribution for the statutory type specified in percentage.
Employer Percentage	The employer contribution for the statutory type specified in percentage.
Statutory Gross	Use the drop-down list box to select the gross amount of the statutory deduction. The combo is loaded with the values of Accumulators as defined in the “Set Accumulators” screen.

Enter the following details:

Modification Option

Use the drop-down list box to specify the modification option. The combo is loaded with “Correct” and “Update”. The system by default displays “Blank” on launch of the page.

§ Correct: The modified details are saved with the current effective date.

§ Update: The modified details are updated with the new effective date.

New Effective From Date

The new effective date of updated records from when the entries become valid.

Remarks

Any remarks or additional modification information regarding the tax exemption details.

Note: Modification Option: While modifying the statutory deduction rate details, you can use one of the two available modification options viz., “Correct” and “Update”. If you choose the Correct option, the changes you make will come into effect in the existing record itself. If you choose the Update option, the system closes the existing version of the record and will create a new record containing the changes you make. You are to specify a new effective date which will become the effective date for the new record.

Click the “Save” pushbutton.

The system saves the statutory deduction rate details.