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spay:hrmsprocguide:hrmsprgf_prerequisites [2026/05/20 01:45] mclement |
spay:hrmsprocguide:hrmsprgf_prerequisites [2026/05/20 01:46] (current) mclement |
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| The following must be updated before performing payroll calculation: | The following must be updated before performing payroll calculation: | ||
| - | * Company PRGF Rate (Small and Medium Enterprises (SME) ONLY) | ||
| * Employees PRGF Contribution flag and Pension scheme flag | * Employees PRGF Contribution flag and Pension scheme flag | ||
| * Payments & Deductions PRGF mapping | * Payments & Deductions PRGF mapping | ||
| - | ===== Update Company PRGF Rate (Small and Medium Enterprises (SME) ONLY) ===== | ||
| - | For Small and Medium Enterprises (SME), you are required to contact MRA to obtain the PRGF rate. The rate must be manually inserted as per the below instructions. | ||
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| - | **Note:** __As per MRA requirement, after a specific number of years this special rate is not applicable. Therefore, you must manually set the company PRGF Rate to zero therefore, the normal PRGF Contribution Rate of 4.5% will automatically apply.__ | ||
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| - | {{:spay:hrmsprocguide:hrmscompanysme.png|}} | ||
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| - | * Step 1: Go to Payroll/Settings/Parameters | ||
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| - | * Step 2: Click Company Tab | ||
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| - | * Step 3: Insert PRGF Contribution Rate % as per MRA requirement | ||
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| - | * Step 3: Click Save | ||
| ===== Automatic Employee PRGF Contribution Flag (for new recruits) ===== | ===== Automatic Employee PRGF Contribution Flag (for new recruits) ===== | ||