INTERNATIONAL PAYROLL TAXATION

144 Views

Dear Experts

Iam working on International Payroll for Iraq Location.They Have Tax slabs for employees similar to India.

Below are the Tax Slabs

Tax must be withheld from the employees’ income, regardless of the employment period, for each month of the fiscal year and the employer must file the monthly wage withholding declaration provided by theGCT. The declaration must be sent to the GCT by the 15th day of the month which follows the month of the deduction.

Individuals’ incomes are subject to income tax at progressive rates as follows:

From IQD

To IQD

Tax Rate (Month)

0

500,000

3%

500,001

1,000,000

5%

1,000,001

2,000,000

10%

2,000,001

Over 2,000,000

15%

Iam totaly new to International Payroll there is no Standard Config for this so kindly help me how to Configure this Scenarion in sap

Thanks& Regards

Srinivas