Monday Apr 14, 2014

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.

Wednesday Mar 12, 2014

Legislative Update for PeopleSoft HCM Global Payroll Hong Kong

Changes to IR56 Forms

The Inland Revenue Department (IRD) has updated the print out specifications of Notification forms i.e., IR56 E, IR56 F, IR56 G and IR56 M. The new specifications released by the IRD have impact on the format and the presentation of data. Our Position Statement has been revised to include these legislative updates and the delivery timeline for the respective changes. 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 1630409.1.

Friday Feb 28, 2014

Legislative Update for PeopleSoft HCM Global Payroll Hong Kong

IR56B report in XML Format

The Inland Revenue Department (IRD) has released the updated XML requirement specifications of software developed by employers for submission of annual Employer’s Return of Remuneration and Pensions (IR56B) in computerized format. The new specifications require the adoption of Unicode Standard for input of Chinese characters and submission of data files in XML format. This would apply to all applications lodged by employers on or after 1 March 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 1630409.1.

Tuesday Sep 10, 2013

Legislative Update for PeopleSoft HCM Global Payroll Hong Kong

Mandatory Provident Fund Amendments

The Legislative Council has passed the amendment of the minimum relevant income level and the maximum relevant income levels.  The monthly minimum level of relevant income has been increased from $6,500 to $7,100 and the daily minimum level of relevant income has been increased from $250 to $280 (the new level applies to contribution periods commencing on or after 1 November 2013).  On the other hand, the monthly maximum level of relevant income has been increased from $25,000 to $30,000 and the daily maximum level of relevant income has been increased from $830 to $1,000 (the new level applies to contribution periods commencing on or after 1 June 2014). 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 1582538.1.          

Thursday May 17, 2012

Keeping up to date with legislative changes for PeopleSoft Global Payroll Hong Kong

My Oracle Support

May 2012.  For the latest information on legislative updates for PeopleSoft Global Payroll Hong Kong, please go to My Oracle Support, Document ID 1343139.1 

Let the Oracle PeopleSoft team help reduce the stress and anxiety of these changing times by staying informed. PeopleSoft is working hard to get you the information you need. The information is just a few clicks away.   

About

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.

Search

Archives
« July 2014
SunMonTueWedThuFriSat
  
1
2
5
6
7
8
9
10
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
  
       
Today