Monday Jan 13, 2014

European Commission Extends SEPA Deadline by 6 months

On January 9th, 2014 the European Commission announced it extended the deadline to adopt SEPA format by six months. The proposal does not change the formal February 1st, 2014 deadline for migration but payments with legacy formats could continue to be accepted until August 1st, 2014.  This extension intends to minimize any possible risk of disruption to payments for consumers and businesses.
PeopleSoft Global Payroll customers in the Euro Zone now have more time to migrate their payroll payments to the SEPA format. However, they shall make sure their bank is willing to accept non SEPA payment files until August 1st, 2014.
You can view the European Commission’s press release here.

Legislative Update for PeopleSoft HCM Global Payroll New Zealand

Statutory Changes effective 1st of April 2014

The Inland Revenue Department of NewZealand has released the legislative changes the 1st week of January. These amendments will take effect April 1, 2014. Our Position Statement has been revised to include these legislative updates and the deliverable timelines for the respective change. We advise customers to review the position statement to keep up-to-date. Our Position Statement can be found on My Oracle Support, Document ID 1613408.1.”

Sunday Jan 05, 2014

Legislative Update for PeopleSoft Global Payroll Mexico

The Mexican Government has decided to change the article numbers used to calculate and deduct Federal Taxes. Global Payroll for Mexico will provide ability to track these changes by creating 4 new deductions.  

In order to ensure compliance with this legislative initiative Oracle has updated the position statement that is made available on, My Oracle Support,  Document ID 1611934.1.

Legislative Update for PeopleSoft HCM Global Payroll United Kingdom

Autumn Statement Changes for 2014-15

On 5th of December 2013, The Chancellor of the Exchequer delivered his Autumn Statement.  Following the announcement, updated rates and thresholds were released affecting certain calculations with respect to National Insurance, PAYE and Statutory Payments. In addition, new thresholds have been announced for student loan calculation and earning thresholds for automatic enrolment into a pension scheme. The changes are effective 6th of April 2014.

In order to ensure compliance with this legislative initiative Oracle has updated the position statement that is made available on, My Oracle Support,  Document ID 1514384.1. 

Thursday Dec 19, 2013

Legislative Update for PeopleSoft HCM Global Payroll Australia


Changes to Child Support Protected Earnings Amount (PEA)

The Australian Government Department of Human Services has set a minimum amount that must remain in a person’s wage after tax and child support has been deducted. This amount is termed as Protected Earnings Amount (PEA). The PEA is reviewed each year and adjusted on 1 January to allow for increases in the cost of living. For the year 2014, the PEA from 1 January is set to $339.23. This is the amount that must be set aside for your employee/contractor after tax and Child Support is deducted. In order to ensure compliance with this legislative initiative Oracle has updated the position statement that is made available on  My Oracle Support, Document ID 1532030.1.

Friday Dec 06, 2013

Learn how you can import your W-2 data into TurboTax

Where did the year go?  It is hard to believe year-end has arrived.  That means it is time to get the W-2’s out the door.  Payroll for North America is pleased to announce that Intuit, the creator of TurboTax Software, is now an Oracle partner.  TurboTax has created various options to import W-2 information from PeopleSoft Payroll for North America into TurboTax.  This enables your employees quickly and easily to import their W-2 data directly into their individual tax return.  This not only saves the employee time, but ensures the accuracy of the data by eliminating hand keying errors.  The goal is to increase employee satisfaction by making it easier for them.  If you want more information please contact Paul Jordan at Intuit.  He can be reached by email at Paul_Jordan@intuit.com or by phone (650) 944-5585.

Wednesday Dec 04, 2013

Legislative Update for PeopleSoft HCM Global Payroll United Kingdom

Real Time Information for Fiscal Year 2014 - 2015

The HMRC have announced changes to some of the requirements for submissions from April 2014 and had published new versions of certain MIGs.  These updates has been integrated into the PeopleSoft application as part of RTI 14-15 MIG Specifications for various file generation like FPS & EPS. This includes MIG changes to Earlier Year Update (EYU) for 2013-14 as well. Each year HMRC would publish changes required to the RTI process and this year is no different. PeopleSoft GP UK provides these legislative changes to allow customers to start the migration process and for those customers chosen, take part in the pilot phase of the HMRC project.

Our Position Statement has been revised to include these legislative updates and the delivery timelines for the respective changes. We advise customers to review the position statement to keep up-to-date. The Position Statement can be found on My Oracle Support , Document ID 1514384.1.”

Monday Dec 02, 2013

Legislative Update for PeopleSoft HCM Global Payroll Mexico

SAT  (Servicios de Adminsitracion Tributaria – Tax Administration Services) has announced two major Tax Changes that will impact Global Payroll Mexico, these changes will be effective as of January 2014, Global Payroll Mexico is targeting them to early January 2014 for releases 8.9, 9.0, 9.1 and 9.2.

As a consequence of the electronic revolution initiated by the SAT in 2004, the entity has announced that it’s mandatory for all Employers to provide electronic Employee’s Payslips in XML format, starting on January 2014. The electronic Payslip will also be used in case of labor disputes and plans to replace current Form 37 and DIM reports.

The second Tax change refers to the new name (article number) used to calculate Income Taxes, the calculation remains the same as previous articles with the exception of the wage ranges and the Tax Percentage used for this calculation. This change has impact on Regular, Special compensations and Annual Adjustments Payrolls.

Please refer to the Position Statement on My Oracle Support, Document ID 1604770.1. 

Legislative Updates for PeopleSoft HCM Global Payroll Argentina

Please review the new Position Statement for forthcoming changes for SICOSS 36 Release 5.  These changes are expected to be delivered for releases 9.0 and 9.1 by December 2013.  The Position Statement can be found on My Oracle Support, Document ID 1541074.1.

 

Tuesday Nov 19, 2013

Global Payroll France November 2013 Newsletter / Lettre aux Payeurs de Novembre 2013

The latest Global Payroll France Newsletter is published on My Oracle Support, under the following Doc. ID 1601657.1. In this letter, you will learn about Oracle’s latest SEPA updates and development plans for upcoming DSN phase 2 requirements. Enjoy,


La Lettre aux payeurs française de ce mois est disponible sur My Oracle Support, sous le numéro de document 1601657.1. Vous trouverez dans cette Lettre toutes les informations concernant les dernières mises à jour SEPA livrées par Oracle, ainsi que les plans de développement envisagés en vue du projet DSN phase 2 pour l’année prochaine. Bonne lecture,

Friday Nov 15, 2013

PeopleSoft HCM - HR and Global Payroll for Brazil - eSocial

New Estimated Effective Date for eSocial - In recent email communication from Receita Federal do Brasil, Oracle has learned that the new estimated effective date for eSocial is no sooner than July 2014, with the initial load being accepted prior to the July date in May/June 2014. The government is still reviewing and has not yet published new dates. It is possible the date might be later than July 2014.  Until the government publishes the new date there may be documentation that continues to reflect the previously published January 2014 date.

Please bookmark this Position Statement which is located on My Oracle Support, Document ID 1526487.1, as we will be continually updating the Position Statement with major milestones as well as other important information. Updates will be posted to this blog as well.

Tuesday Nov 12, 2013

PeopleSoft HCM Update on OFCCP

Office of Federal Contract Compliance Programs (OFCCP) announces Final Rule: Section 503 Rehabilitation Act and Vietnam Era Veteran’s Readjustment Assistance Act (VEVRAA)

On August 27, 2013, the U.S. Department of Labor’s Office of Federal Contract Compliance Programs (OFCCP) announced a Final Rule that makes changes to the regulations implementing:
• Section 503 of the Rehabilitation Act of 1973, as amended (Section 503) at 41 CFR Part 60-741. Section 503 prohibits federal contractors and subcontractors from discriminating in employment against individuals with disabilities (IWDs), and requires these employers to take affirmative action to recruit, hire, promote, and retain these individuals.
• The Vietnam Era Veterans’ Readjustment Assistance Act, as amended (VEVRAA) at 41 CFR Part 60-300.  VEVRAA prohibits federal contractors and subcontractors from discriminating in employment against protected veterans, and requires these employers to take affirmative action to recruit, hire, promote, and retain these veterans.
The Final Rule was published in the Federal Register on September 24, 2013, and becomes effective on March 24, 2014. The goal of these rules is to further clarify the requirements to effectively recruit, hire, promote and retain individuals with disabilities and Veterans.
We are currently in the process of analysis of this new legislation and its impacts to the business processes supported by PeopleSoft HCM.  We are tracking the requirements and issues in the following BUG IDs:
• BUG 17456466 - WILL ORACLE BE ADDRESSING THE CHANGES RULED IN THE DOL VEVRAA SECTION 503 CH2. – This addresses the reporting for Disabled Employees
• BUG 17456416 - WILL ORACLE BE ADDRESSING THE CHANGES RULED IN THE DOL VEVRAA SECTION 503, 60-74 – This addresses the reporting for Disabled Applicants
• Bug 17510724 - OFCCP - VEVRAA & SECTION 503 - CHANGES REQUIRED FOR MARCH 24, 2014  - Veterans Information – This addresses the reporting for Veterans

While we understand the requirement to implement these changes by March 2014, as with any new legislation we need to understand fully what the requirements are and the impacts across all products in HCM to deliver a complete solution for our customers.   A Position Statement outlining our strategy on this new legislation will be forthcoming and look to the BUG IDs for updates to the planned solution.

Highlights of the Final Rule can be found on the Department of Labor site:

http://www.dol.gov/ofccp/regs/compliance/vevraa.htm
http://www.dol.gov/ofccp/regs/compliance/section503.htm

Monday Nov 11, 2013

PeopleSoft HCM - Defense of Marriage Act (DOMA)

On June 26, 2013 the U.S. Supreme Court declared Section 3 of DOMA, which denied federal recognition of same-sex marriages, unconstitutional. However, this left in place Section 2, which allowed states to refuse to recognize same-sex marriages performed in other states. Then on August 29, 2013 IRS issued ruling IR-2013-72 which stated same-sex couples, legally married in a jurisdiction that recognizes their marriage will be treated as married for federal purposes. The ruling applies regardless of whether the couple lives in a jurisdiction that recognizes same-sex marriage or a jurisdiction that does not recognize same-sex marriage. PeopleSoft has already delivered some functionality related to this change. PeopleSoft Benefits and Payroll for North America plan on delivering additional functionality which will make your processing and compliance with this law even easier. We have revised the PeopleSoft Position Paper include any new information we have obtained since the last posting on My Oracle Support, Document ID 1586141.1.  We encourage you to review the latest Statement to keep up to date. 

Friday Oct 04, 2013

Legislative Updates for PeopleSoft Global Payroll for Argentina


Article 23 of the profit tax bill, 1997 text and its modifications, sets the deductions amounts from non-taxable earnings, special deduction and family charges, eligible to the determination of the fee for employees

It is the permanent policy of the National Executive to implement measures that are condusive to empower purchasing strength to workers and their families, with this, the consolidation of the demand of the national and domestic market.

It is considered desirable to increase the deduction amounts of Article 23 of the Income Tax Law, text of 1997, both for those taxpayers that are in dependency ratio as liabilities to the workers, in order to avoid the tax burden neutralizing the benefits derived from the economic policy, wages and pension assumed.

You can learn more about these changes in our Position Statement which can be found on My Oracle Support, Document ID 1541074.1.


 

Thursday Oct 03, 2013

Legislative Update for PeopleSoft Global Payroll India

Revised data structure for e-TDS and e-TCS returns effective Q2,FY13-14.

NSDL has announced the data structure of quarterly e-TDS / TCS statements version 4.6 for Quarters Q1-Q3 and version 4.8 for Q4. The changes are applicable for Financial Year 2013 - 14 and is effective Q2, which is due for submission 15th Oct 2013. Our Position Statement has been revised to include these legislative updates. We advise customers to review the position statement to keep up-to-date. The Position Statement can be found on My Oracle Support, Document ID 1532190.1.

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This blog is dedicated to topics focused on legislative updates to PeopleSoft Applications including Human Capital Management and Financials.

For other useful information about PeopleSoft Applications see the PeopleSoft Applications Strategy Blog.

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