Setting Up Statutory Rates

To set up statutory rates, use the Statutory Rates ESP component (GPES_STATUTORY).

This topic provides an overview of statutory rates and discusses how to set up statutory rates.

Page Used to Set Up Statutory Rates

Page Name	Definition Name	Usage
Statutory Rates Page	GPES_STATUTORY	Enter the statutory rates for the minimum salary, interest rate for employee loans, and percentage of minimum salary that is exempt for tax and social security contributions.

Understanding Statutory Rates

PeopleSoft Global Payroll for Spain delivers statutory rates for:

• Minimum employee salaries.

• Interest charged on employee loans.

• Percentage of travel expenses and the dietas earning that are exempt from tax and social security.

These rates are defined by the government. PeopleSoft Global Payroll for Spain delivers and maintains these rates as system data.

Statutory Rates Page

Use the Statutory Rates page (GPES_STATUTORY) to enter the statutory rates for the minimum salary, interest rate for employee loans, and percentage of minimum salary that is exempt for tax and social security contributions.

Navigation:

Set Up HCM, and then Product Related, and then Global Payroll & Absence Mgmt, and then Addl Rates, Ceilings, Values, and then Statutory Rates ESP, and then Statutory Rates

This example illustrates the fields and controls on the Statutory Rates page. You can find definitions for the fields and controls later on this page.

Field or Control	Description
Daily Minimum Salary	Enter the minimum daily wage established by law.
Monthly Minimum Salary	Enter the minimum monthly wage established by law.
IPREM (Daily) (Indice Publico de Renta de Efectos Múltiples)	Enter a value to use to calculate the daily wage that is exempt from taxes and social security contributions.
IPREM (Monthly) (Indice Publico de Renta de Efectos Múltiples)	Enter a value to use to calculate the monthly wage that is exempt from taxes and social security contributions.
Part Time Minimum Salary	Enter the daily minimum salary for part-time employees.
Statutory Interest	Enter the interest rate established by law. You can apply this interest rate or another rate to any employee loan. If you apply a lower rate, the difference is considered salary in kind.
Excess Pct. over IPREM (excess percentage over Indice Publico de Renta de Efectos Múltiples)	Enter the percent to use to calculate the exempted amount for the public transportation complement and for salary in-kind earnings.