Thursday Apr 07, 2016

Legislative Update for PeopleSoft HCM Global Payroll Australia

Commonwealth Superannuation Corporation (CSC) has published data requirement guidelines to on-board all employers to the PSSap SAFF in October 2016. This data need to be submitted in the SuperStream Alternative File Format (SAFF). Our revised position statement includes these legislative changes, feature solution coverage and the respective delivery timelines. 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 2110574.1.

Tuesday Apr 05, 2016

Legislative Update for PeopleSoft HCM Global Payroll Australia

There are amendments to FBT rate, bench mark interest rate and reportable fringe benefits. The Position Statement has been revised to include more details about these legislative updates and the patch availability. 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 2110574.1.

Friday Apr 01, 2016

Legislative Update for PeopleSoft HCM Global Payroll Singapore

Minister for Finance, Singapore, has delivered the FY2016 Budget Statement in the Parliament on 24 March 2016. There are two announcements that require changes to PeopleSoft Global Payroll for Singapore:

The Government has deferred levy increases for Work Permit holders in “Marine” and “Process” sectors while for all the other sectors, Government has decided to proceed with the levy increases announced last year in Budget 2015. Hence the previously proposed increase in levy rates for Marine and Process sectors effective 1st July 2016 will not take effect and the rates from 2015 will be continued. There will be no change to Work Permit levies in the Manufacturing sector as announced in Budget 2015.

The second change is related to the Year-end tax reporting, where it is proposed to remove the tax concession on home leave passages for expatriate employees, while reporting under Appendix 8A. Further information is awaited from IRAS on the specifics of the change post which information on patch availability will be posted.

Our Position Statement has been revised to include these legislative updates and the delivery timelines, where appropriate. We advise customers to review our position statement to keep up-to-date. The Position Statement can be found on My Oracle Support, Document ID 2117537.1.

Wednesday Mar 30, 2016

Legislative Update for PeopleSoft HCM Global Payroll France

The payslip is changing for the better with the French Government’s attempt to simplify how information is displayed in it. Currently the payslip is understood to be complicated for employers and the employees to decipher. The new format will be generalized from January 2017. Further information of this legislative update can be obtained from the document available on My Oracle Support under document ID 2097873.1.

Le bulletin de paie change pour le mieux avec la tentative du Gouvernement Français de simplifier la façon dont les informations sont affichées. Actuellement, le bulletin de paie est considéré compliqué à déchiffrer par les employeurs et les employés. Le nouveau format sera généralisé à partir de Janvier 2017. Plus d'informations sur cette mise à jour législative est disponible sur My Oracle Support, document ID 2097873.1.

Monday Mar 28, 2016

Legislative Update for PeopleSoft HCM Global Payroll Malaysia

Effective from 2016 (year of remuneration ) all corporate employers have to compulsorily E-File the Form E. We have updated our Position Statement with regards to e-filing and related delivery timelines. Also an update on availability of Form-E in PDF has been provided. We advise customers to review the position statement to keep up-to-date. The document is made available on My Oracle Support, Document ID 2102272.1.

Wednesday Mar 23, 2016

Legislative Update for PeopleSoft HCM Global Payroll Spain

Oracle has delivered 2nd and 3rd deliveries of Tax Update for 2016 responding to the following legislative updates:
  • Changes on XML reporting for Tripartite Foundation effective for 2016 (2nd delivery of 2016 Tax update)
  • Reaction to RED bulletin 2015/09: Changes on the FDI reporting to Social Security corresponding to the new procedure of communicating temporally disability through RED system and ability to report Company Certificate for Maternity and Paternity leaves. (3rd delivery of 2016 Tax update)
Additionally Oracle has published changes related:
  • Tax Deduction Report (Certificado de retenciones e Ingresos a cuenta) to adapt it to the new requirements for 2015 reporting established in Orden HAP2429/2015
  • Cret@ reporting (Sistema de Liquidación Directa) that may benefit all the customers.
The Position Statement has been revised to include more details about these legislative updates, the patch availability and pre-requisites. It also contains information about other legislative changes that are under development. 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 1520058.1.

Thursday Mar 17, 2016

Legislative Update for PeopleSoft HCM Global Payroll Singapore

Ministry of Manpower (MOM) in Singapore announced that employers have to provide itemised payslips to all their employees covered under the Employment Act (EA). One of the items that require changes in the PeopleSoft delivered Payslip is related to the Overtime payments which should display the overtime hours worked and the period of overtime for each payment.

Additionally there are revisions to contribution rates for Mosque Building and Mendaki Fund (MBMF) released by MUIS, the administering body for MBMF.

Our Position Statement has been revised to include these legislative updates and the delivery timelines for the respective change. We advise customers to review our position statement to keep up-to-date. The Position Statement can be found on My Oracle Support, Document ID 2117537.1.

Wednesday Mar 09, 2016

Legislative Update for PeopleSoft HCM Global Payroll France

With the release of DSN Version 3.4, the French Government is targeting to mandate companies to adopt this norm towards the last quarter of this year. Further information of this legislative update can be obtained from the document available on My Oracle Support under document ID 2097873.1.

Avec la sortie de DSN Version 3.4, le gouvernement français vise à obliger les entreprises à adopter cette norme vers le dernier trimestre de cette année. Plus d’information sur cette mise à jour législative peut être trouvé sur My Oracle Support sous le numéro de document 2097873.1.

Monday Mar 07, 2016

Legislative Update for PeopleSoft HCM Global Payroll India

The Finance Minister has presented the budget for Financial Year 2016-17 on 29th of February 2016. There are amendments with respect to surcharge, tax rebate & deductions from total income. These changes are effective 1st of April 2016. Our position statement has been updated with these legislative changes. We encourage our customers to review the latest Statement to keep up to date. The Position Statement can be found on My Oracle Support, Document ID 2113784.1.

Thursday Mar 03, 2016

Legislative Update for PeopleSoft HCM Global Payroll Malaysia

There is an amendment to SOCSO employee contribution rate effective date, a new version of Form E from IRB and clarification on treatment of higher additional EPF contribution from Board. Our Position Statement has been revised to include all these legislative updates and the deliverable timelines. The document is made available on My Oracle Support, Document ID 2102272.1. We advise customers to review the position statement to keep up-to-date.

Monday Feb 29, 2016

Legislative Update for PeopleSoft HCM Global Payroll Australia

Single Touch Payroll

As part of digital transformation agenda, The Minister for Small Business and Assistant Treasurer announced business reporting of tax and superannuation to simplify with the implementation of STP. Single Touch Payroll is a big initiative emphasizing the Government's commitment to reduce red tape and provides fairer and transparent environment for businesses. STP's initiative requires businesses to report information in the prescribed format to Australian Taxation Office. The information are reported concurrently (real time) along with other payroll functions like making payments to employees, payslip creation etc. Our position statement is updated with the area of STP considerations, it's transition plan & enforcement of Law. We advise customers to review our position statement to keep up-to-date. The Position Statement can be found on  My Oracle Support, Document ID 2110574.1.

Wednesday Feb 10, 2016

Legislative Update for PeopleSoft HCM Global Payroll Spain

Starting January 2016,  Tax and Social Security legal changes have been published affecting Global Payroll Spain:

1) New Social Security upper ceiling,  maximum and minimum bases amounts and contribution rates for training contracts.
2) Statutory rates for 2016 like SMI have been modified.
3) Changes apply to the taxes calculation (IRPF and IRNR)
4) New Layout of Model 111 to be used for 2016 tax reporting

 

The Position Statement has been revised to include more details about these legislative updates, the patch availability and pre-requisites. It also contains information about other legislative changes that are under development. 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 1520058.1.

Tuesday Feb 02, 2016

Legislative Update for PeopleSoft HCM Global Payroll New Zealand

Statutory Changes effective 1st of April 2016

The Inland Revenue Department of NewZealand has released the legislative changes during the week of January 22nd 2016. There are few amendments which have impact on PAYE calculations. Our Position Statement has been revised to include these legislative updates and the deliverable timelines. The document is made available on My Oracle Support, Document ID 2102276.1. We advise customers to review the position statement to keep up-to-date.

Legislative Update for PeopleSoft HCM Global Payroll Malaysia

On January 28th 2016, the Malaysian government released the “2016 Budget recalibration” document. As part of the relief measures announced, the EPF employee contribution rate has been decreased by 3% and the eligibility for mandatory SOCSO contribution has been increased effective March 2016.  Our Position Statement has been revised to include these legislative updates and the patch availability. We advise our customers to review the position statement to keep up-to-date. The Position Statement can be found on My Oracle Support, Document ID 2102272.1

Thursday Jan 28, 2016

Legislative Update for PeopleSoft HCM - Affordable Care Act

The Affordable Care Act is a huge initiative.  PeopleSoft continues to roll out new functionality to support the IRS requirements. PeopleSoft has scheduled a live Advisor Webcast for Wednesday, February 17, 2016 10:00 AM (PST) where you can learn about the most recent delivered functionality and review what is on the roadmap ahead. You can register for this webcast on My Oracle Support Benefits Community to register. We hope you are able to attend.
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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.

For information about PeopleTools see the PeopleSoft Technology Blog.

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