Legislative Update for PeopleSoft HCM Global Payroll Hong Kong

Mandatory Provident Fund Amendments

Due to increase in daily maximum level of relevant income from $830 to $1000 effective 1st of June 2014, the IRD has released a new contribution scale for casual employees under Industry Scheme. Our Position Statement has been updated to include these legislative amendments 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 1630409.1.
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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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