Tuesday May 14, 2013

Legislative Update for PeopleSoft Global Payroll Malaysia

IRBM (Inland Revenue Board of Malaysia) has announced some amendments to the category of remuneration for the purpose of PCB Calculation. This announcement was made on April 29th, 2013.

Overtime allowance, allowances and commissions ( referring to variable amount paid monthly) are categorized as normal remuneration. Only allowance and commission which are not paid monthly are categorized as additional remuneration. These changes are effective retrospective date of 1st January 2013. Our Position Statement has been revised to include these legislative updates. 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 1528264.1.

Wednesday Feb 13, 2013

Legislative Updates for PeopleSoft Global Payroll Malaysia

SOCSO retirement age changes from Jan 2013

With effect from 1 Jan 2013, Employee Social Security Act (amendment) 2012 amends disability pension scheme age eligibility limit from 55 to 60 years. Employers are required to contribute the SOCSO Contribution according to the First contribution rate type for Employment Injury Scheme and Invalidity Pension Scheme until their employee’s achieve 60 years.

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 1528264.1.

Tuesday Oct 09, 2012

PeopleSoft Legislative Updates for Global Payroll Malaysia

Malaysia Budget Changes for the Year 2013

The Prime Minister of Malaysia has presented Budget 2013 on 28th of September 2012. There were changes related to Personal Tax Rates & Tax Reliefs.

Our Position Statement has been revised to include this legislative update. 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 1377941.1.

Tuesday May 29, 2012

Keeping Up To Date with Global Payroll Malaysia Legislative Changes

The latest legislative changes for Global Payroll Malaysia can be found on  My Oracle Support, Document ID 1377941.1. 

Tuesday Nov 22, 2011

PeopleSoft HCM Legislative Alert for Malaysia

We have created a position paper covering the pending legislation for the Employees Provident Fund announced in SUPPLY BILL (2012).  Details can be found in My Oracle Support
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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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