Fiscal Rules Component

The Fiscal Rules Component (FRC) (B) offers an effective solution to manage and execute fiscal rules and rules concerning social security. These rules, specified by the government, are used to calculate taxes and contributions concerning deposits, benefits, long term savings and early retirement.

FRC has been developed as a component based on the Practis' IBSEN concept.

Single Point Of Definition (SPoD)

All fiscal rules can be defined in FRC related to for instance fiscal systems, fiscal generations, financing sources, types of taxes and contributions and the fiscal statute of the insured person.

FRC can be integrated as a component in newly to develop or into existing information systems. Through a service request these information systems can execute calculations using the centrally stored knowledge of the component. In order to do so, the calling system has to transmit the necessary parameters.

Using a graphical user interface, tax and contribution calculations can be made online. The result is directly shown on the screen.

FRC (B)

• manages fiscal rules for multiple applications in one place;
• reduces software maintenance: fiscal rules, tax and contribution calculations can be applied in different systems without repeating programming;
• increases flexibility: adjustments necessary due to changing legislation can be implemented quickly.