Understanding the Inhabitant Tax Business Process
PeopleSoft Global Payroll for Japan provides rules, pages, processes, and reports that you use to:
Set up the Inhabitant Tax table, which holds municipality and recipient-number data for employees as well as inhabitant-tax monthly amounts.
Prepare wage payment reports and summaries for municipalities.
Load inhabitant tax amounts and individual numbers that are received from the municipalities either manually or through a data load process.
Deduct inhabitant tax amounts from monthly salary.
Prepare monthly inhabitant tax reports for municipalities.
Note: The PeopleSoft system delivers a query that you can run to view the names of all delivered elements that are designed for Japan. Instructions for running the query are provided in the PeopleSoft Global Payroll.
See Understanding How to View Delivered Elements.
Object Year
Object Year generally refers to the year for which you want to run a process or generate a report. When Global Payroll for Japan discusses inhabitant tax, object year is defined like this: The municipality provides monthly inhabitant tax amounts for a period that runs from June 1 to May 31 of the following year. The object year is the year in which June 1 falls.