This screen allows the management of Annual Tax Calculations. Annual Tax Calculations shows the tax payable for each employee against the tax paid by each employee and any difference between the two values for a given period. The screen allows create the calculation for a full tax year in a situation where the full tax year has passed otherwise the calculation is done from the beginning of the tax year to the date of calculation creation.
Creating new Annual Tax Calculation
To create a Annual Tax Calculation, navigate to PIM > Payroll > Annual Tax Calculations. Click on “New Calculation” and fill in the necessary fields using the information below
- Year: This is the tax year for which a calculation is required.
- Tax Type: This is the tax for which you want to perform an annual calculation
- Click the “Create Calculation” button to schedule the creation of the Annual Tax Calculation
- Click “Close” button to go back to the previous screen
Note: There can only be one Annual Tax Calculation per tax year, if you need to recalculate the Annual Tax, you will need to delete any existing calculation and then follow the above process again.
Viewing Annual Tax Calculation details
To edit a Annual Tax Calculation, navigate to PIM > Payroll > Annual Tax Calculations. Click on a location, then click on the relevant year to view the individual calculation for each employee. When done, click the “Close” button to return to the previous screen.
Deleting Annual Tax Calculations
To delete a Annual Tax Calculation, navigate to PIM > Payroll > Annual Tax Calculations. Select the relevant location and then select the checkbox beside the calculation(s) you want to delete and the click the “Delete” button.