Wednesday Mar 27, 2013

Legislative Changes to PeopleSoft HCM Products - Federal Customers

The Middle Class Tax Relief and Job creation act of 2012 P.L. 112-9 made significant changes to the Federal Retirement System in regards to how to determine an employee’s coverage. Starting in 2013 the employee’s contribution rate for (most) newly hired employees (or rehired employees with less than five years FERS service) will to pay significantly higher employee contributions.  In addition, members of Congress and Congressional employees will pay a higher rate and will accrue retirement benefits at the same rate as regular employees. 

Federal customers using PeopleSoft Human Resources, Payroll for North America, HR Base Benefits and Payroll Interface products will need to read the Position Paper which will  identify the upcoming changes.  The Position Paper can be found on My Oracle Support, Document ID 1541096.1.

Legislative Update for PeopleSoft Global Payroll Argentina

Please read the latest Global Payroll Argentina Position Paper, posted to My Oracle Support, Document ID 1541074.1.  The position paper will outline our approach to the legislative change for Tax on purchases abroad with Credit Cards, and reference the Bug ID's for more detailed information on delivery dates.

Thursday Mar 21, 2013

PeopleSoft Human Capital Management I-9 Form Updates

USCIS published the approved changes to the I-9 form which took effect on March 8, 2013.   PeopleSoft HCM reacted immediately to the changes and we are currently developing the solution to support this latest change.    For details on the solution, please review the Position Statement available in My Oracle Support, Document ID 1536338.1.

Lettre aux Payeurs de Mars 2013/Global Payroll France March 2013 Newsletter

Global Payroll France March 2013 Newsletter
The Global Payroll France January 2013 Newsletter is published on My Oracle Support, under the following Doc ID 1538856.1:. With PeopleSoft HCM 9.2 coming out at the end of this week, you will find in this letter many useful links to get up to speed on the new release. You will learn as well about the latest DSN news (including an upcoming conference held by the SDDS association next week at a major HR event in Paris) and about the impact of the new CICE tax credit on French payroll. Enjoy,

Lettre aux Payeurs de Mars 2013
La Lettre aux payeurs française de ce mois est disponible sur My Oracle Support, sous le numéro de document 1538856.1 :. La grande nouveauté du mois est bien sûr la sortie de la version 9.2 de PeopleSoft HCM. Vous trouverez donc ans cette lettre tous les liens utiles pour découvrir cette nouvelle version. Cette Lettre vous apportera aussi les dernières informations concernant la DSN (avec une conférence de la SDDS la semaine prochaine au salon Ressources Humaines) et les impacts du CICE (Crédit d’Impôt pour la Compétitivité et l’Emploi) sur la paie. Bonne lecture,

Wednesday Mar 06, 2013

Legislative Updates for PeopleSoft HCM Global Payroll UK - RTI

Real Time Information for 13 - 14 Fiscal

HMRC have announced changes to some of the requirements for submissions from April 2013 and had published new versions of certain MIGs.  These updates has been integrated into the PeopleSoft application as part of RTI 13-14 MIG Specifications for various file generation like EAS, FPS, EPS and NVREQ. All PeopleSoft GP UK customers will be required to comply with the legislation changes and complete migration to Real Time Information by October 2013 as stipulated by HMRC. 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.  Real Time Information will ultimately replace the End Of Year and In-Year Filing processes that currently exist and all employers in UK will be legally bound to be compliant by date specified of October 2013. Each year HMRC would publish changes required to the RTI process and this year is no different. This whitepaper outlines all the changes that have been introduced by HMRC for the tax year 2013-14 & how it has been incorporated in our PeopleSoft Global Payroll for UK. 

For detailed information please download our white paper published on My Oracle Support, Document ID 1534036.1."

Legislative Update for PeopleSoft HCM Global Payroll India

Changes in Individual Income Tax Computation The Finance Minister has announced the Budget on Feb 28th, 2013 for the FY 2013-14 which is effective April 1, 2013. Key Highlights from the Budget 2013 - There is no change in the Personal Tax Slabs/Rates this year. However a Surcharge of 10% has been introduced for Income above 1 Crore. A rebate / Tax Credit on the Tax payable has been introduced in case of certain individuals. Section 80CCG and 80C have been amended with some relaxation in the prerequisite conditions. An additional benefit for deduction in respect of Interest on Housing Loan (Section 80EE) has been introduced for Loans taken in FY 2013-14. 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 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.

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