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.

Thursday Mar 27, 2014

Legislative Update for PeopleSoft HCM Global Payroll Singapore

Singapore Government has announced Budget during February 2014.  Amendments to Singapore Legislation have impact on Foreign Worker Levy and CPF Contribution Rates for older workers. To ensure compliance with this legislative initiative we have updated our position statement that is made available on My Oracle Support, Document ID 1640353.1. We advise customers to review the position statement to keep up-to-date.

Friday Mar 14, 2014

Global Payroll France March 2014 Newsletter

The Global Payroll France Newsletter is published on My Oracle Support, under the following Doc ID: 1635545.1. You will find in this newsletter the latest communications from PeopleSoft development, all the information about upcoming legislative changes, and an update on the DSN project. Enjoy.

Lettre aux Payeurs de Mars 2014

La Lettre aux payeurs française de ce mois est disponible sur My Oracle Support, sous le numéro de document 1635545.1. Vous trouverez dans cette lettre les dernières communications du Développement PeopleSoft, des informations concernant les changements légaux à venir, ainsi qu’un point sur l’avancée du projet DSN. Bonne lecture.

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.

Thursday Mar 06, 2014

Legislative Update for PeopleSoft HCM Global Payroll Australia

Superannuation data and e-commerce standards

The new SuperStream and e-commerce standard which is due to go live from July this year for medium and large employers has seen a newer release of its Standard. The ATO released its version 1.2 with minimal changes in December 2013 and further was expected to release its final version by February 2014, which is still awaited. Oracle had initially published its position on this legislative feature in July 2013 and update to this is now available on My Oracle Support, Document ID 1632138.1.

Tuesday Mar 04, 2014

Legislative Update for PeopleSoft HCM Global Payroll United Kingdom

An update on Direct Earnings Attachment

The Welfare Reform Act 2012, which became law in March 2012, allows Department for Works and Pensions Debt Management to ask the employer for making deductions directly from payee’s earnings. This is routed by asking employer to operate a Direct Earnings Attachment (DEA).These regulations are only in force in England, Scotland and Wales hereby excluding Northern Ireland.  DEA has its own regulations which follow some of the workings of a Deduction from Earnings Order (DEO) and some workings of an Attachment of Earnings Order (AEO), particularly a Council Tax Attachment of Earnings Order (CTAEO). DEA does not replace other orders and in some circumstances employers may receive requests to implement deductions for multiple orders for the same employee. The legislation covering DEAs, part of the Social Security (Overpayment and Recovery) Regulations 2013 came into force on 8th April 2013.

DWP has released necessary specification for an automated payroll solution which will be introduced effective April 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 1631637.1.

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.

Friday Jan 24, 2014

Global Payroll France January 2014 Newsletter/Lettre aux Payeurs de Janvier 2014

The Global Payroll France Newsletter is published on My Oracle Support, under the following Doc ID:1617032.1 . You will find in this newsletter all the information about various legislative changes becoming effective as of this month. Learn also about the latest news about DSN and important product maintenance information. We wish you a very Happy New Year.

La Lettre aux payeurs française de ce mois est disponible sur My Oracle Support, sous le numéro de document :1617032.1 . Vous trouverez dans cette lettre les informations concernant les changements légaux entrant en vigueur ce mois-ci, ainsi que les dernières nouvelles concernant la DSN et des informations importantes concernant la maintenance de nos produits. Excellente année à tous,

Monday Jan 13, 2014

Legislative Update for PeopleSoft HCM Global Payroll New Zealand

Statutory Changes effective 1st of April 2014

The Inland Revenue Department of NewZealand has released the legislative changes the 1st week of January. These amendments will take effect April 1, 2014. Our Position Statement has been revised to include these legislative updates and the deliverable timelines for the respective change. 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 1613408.1.”

Sunday Jan 05, 2014

Legislative Update for PeopleSoft Global Payroll Mexico

The Mexican Government has decided to change the article numbers used to calculate and deduct Federal Taxes. Global Payroll for Mexico will provide ability to track these changes by creating 4 new deductions.  

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 1611934.1.

Legislative Update for PeopleSoft HCM Global Payroll United Kingdom

Autumn Statement Changes for 2014-15

On 5th of December 2013, The Chancellor of the Exchequer delivered his Autumn Statement.  Following the announcement, updated rates and thresholds were released affecting certain calculations with respect to National Insurance, PAYE and Statutory Payments. In addition, new thresholds have been announced for student loan calculation and earning thresholds for automatic enrolment into a pension scheme. The changes are effective 6th of April 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 1514384.1. 

Thursday Dec 19, 2013

Legislative Update for PeopleSoft HCM Global Payroll Australia


Changes to Child Support Protected Earnings Amount (PEA)

The Australian Government Department of Human Services has set a minimum amount that must remain in a person’s wage after tax and child support has been deducted. This amount is termed as Protected Earnings Amount (PEA). The PEA is reviewed each year and adjusted on 1 January to allow for increases in the cost of living. For the year 2014, the PEA from 1 January is set to $339.23. This is the amount that must be set aside for your employee/contractor after tax and Child Support is deducted. 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 1532030.1.

Monday Dec 02, 2013

Legislative Update for PeopleSoft HCM Global Payroll Mexico

SAT  (Servicios de Adminsitracion Tributaria – Tax Administration Services) has announced two major Tax Changes that will impact Global Payroll Mexico, these changes will be effective as of January 2014, Global Payroll Mexico is targeting them to early January 2014 for releases 8.9, 9.0, 9.1 and 9.2.

As a consequence of the electronic revolution initiated by the SAT in 2004, the entity has announced that it’s mandatory for all Employers to provide electronic Employee’s Payslips in XML format, starting on January 2014. The electronic Payslip will also be used in case of labor disputes and plans to replace current Form 37 and DIM reports.

The second Tax change refers to the new name (article number) used to calculate Income Taxes, the calculation remains the same as previous articles with the exception of the wage ranges and the Tax Percentage used for this calculation. This change has impact on Regular, Special compensations and Annual Adjustments Payrolls.

Please refer to the Position Statement on My Oracle Support, Document ID 1604770.1. 

Friday Oct 04, 2013

Legislative Updates for PeopleSoft Global Payroll for Argentina


Article 23 of the profit tax bill, 1997 text and its modifications, sets the deductions amounts from non-taxable earnings, special deduction and family charges, eligible to the determination of the fee for employees

It is the permanent policy of the National Executive to implement measures that are condusive to empower purchasing strength to workers and their families, with this, the consolidation of the demand of the national and domestic market.

It is considered desirable to increase the deduction amounts of Article 23 of the Income Tax Law, text of 1997, both for those taxpayers that are in dependency ratio as liabilities to the workers, in order to avoid the tax burden neutralizing the benefits derived from the economic policy, wages and pension assumed.

You can learn more about these changes in our Position Statement which can be found on My Oracle Support, Document ID 1541074.1.


 

Thursday Oct 03, 2013

Legislative Update for PeopleSoft Global Payroll India

Revised data structure for e-TDS and e-TCS returns effective Q2,FY13-14.

NSDL has announced the data structure of quarterly e-TDS / TCS statements version 4.6 for Quarters Q1-Q3 and version 4.8 for Q4. The changes are applicable for Financial Year 2013 - 14 and is effective Q2, which is due for submission 15th Oct 2013. Our Position Statement has been revised to include these legislative updates. 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.

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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