PY-TW Labor Insurance(LI) 
PY-TW Labor Insurance(LI)
Purpose
This component lets you calculate and process employer and employee Labor Insurance (LI) contributions according to government regulations.
The following Labor Insurance and fund are compulsory contributions to Labor Insurance Bureau in Taiwan:
Both employer and employee contribute to the insurance premium. This is based on the employee’s monthly income.
The premium is determined according to different industries. Companies whose work locations are hazardous must pay the total insurance premium for each month.
This is a monthly contribution by the employer to the government. The purpose of this fund is for a situation when an employee’s payroll is delinquent due to the ceasation of operations by the employer. The employee can apply to the government for a payment from the fund.
Implementation Considerations
The respective tables must be setup before processing LI contributions.
For more information, see Labor Insurance (LI) section of the Implementation Guide (IMG).
Features
This system lets you process the above-mentioned insurance and fund as well as generate LI reports that are given to the LI insurance authority.
See also:
PY-TW Creating Labor Insurance(LI) Details PY-TW Labor Insurance (LI) Reports