Monday Mar 16, 2015

Legislative Update for PeopleSoft HCM Global Payroll Singapore

Singapore Government has announced Budget during February 2015.  Amendments to Singapore Legislation have impact on Foreign Worker Levy, Higher CPF Salary Ceiling and Higher 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 1989835.1. We advise our customers to review the position statement to keep up-to-date.

Tuesday Sep 09, 2014

Legislative Update for PeopleSoft HCM Global Payroll Singapore

PAT - IRAS File Specification Changes for YA 2015

Post IRAS policy changes, PAT - IRAS file specification is updated to version 10.0. The interface file changes are made in order to incorporate the amendments in the IRAS Year End tax forms for the fiscal year ending 31st December 2014. Employer submissions for fiscal year ending December 2014 should conform to the IRAS File Specification Release 10.0.

Revision to Ethnic Contribution Rates

The Ethnic contribution rates of three community deductions namely CDAC (Chinese Development Assistance Council), SINDA (Singapore Indian Development Association) and ECF (Eurasian Association) will be increased effective 1st January 2015.

Our Position Statement has been revised to include the above legislative updates and the delivery timelines for the respective changes. We advise customers to review our position statement to keep up-to-date on legislative changes. The Position Statement can be found on My Oracle Support, Document ID 1640353.1.

Monday Sep 01, 2014

Legislative Update for PeopleSoft HCM Global Payroll Singapore

An update to the year-end tax forms

The Singapore Government has announced revised IRAS forms for Year of Assessment 2015. These yearend forms will be effective for fiscal year ending December 2014. Our Position Statement has been revised to include these legislative updates and the delivery timelines for the respective changes. We advise customers to review our position statement to keep up-to-date on legislative changes. The Position Statement can be found on  My Oracle Support, Document ID 1640353.1.

Friday Aug 08, 2014

Legislative Update for PeopleSoft HCM Global Payroll Singapore

CPF Changes

The Central Provident Fund Board has released contribution rate tables which are effective 1st of January 2015. Our Position Statement has been revised to include these legislative updates 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 1640353.1.

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.

Wednesday Aug 21, 2013

Legislative Update for PeopleSoft Global Payroll Singapore

The Central Provident Fund Board has released contribution rate tables which are effective 1st of January 2014. Our Position Statement has been revised to include these legislative updates and the delivery timelines for the respective changes. We advise customers to review our position statement to keep up-to-date on legislative changes. The Position Statement can be found on My Oracle Support, Document ID 1541852.1"

Monday Apr 01, 2013

Legislative Updates for PeopleSoft Global Payroll Singapore

Introduction of Shared Parental, Child Care and Adoption Leave Payments

In January 2013, Ministry of Manpower has amended legislations to support work life harmony and encourage shared parental responsibility. They introduced new Leave Payments which are effective 1st of May 2013.

Key highlights of the amendments are;  Introduction of Shared parental leave, Adoption and Extended Child Care Leave along with increase in Paternity Leave days from 3 to 1 week.

Our Position Statement has been revised to include these legislative updates and the delivery timelines for the respective changes. 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 1541852.1"

Wednesday Sep 26, 2012

Legislative Update for PeopleSoft Global Payroll Singapore

IRAS File Specification Note Release 8.0

IRAS has revised the File Specification that need to be used by employers for submission of Employment Income through PAT Systems. The said changes were notified in 2nd week of September 2012.

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 1331056.1.

Tuesday Jul 03, 2012

PeopleSoft Global Payroll Singapore - IRAS Year End Forms

Changes to IRAS Year End Forms

Inland Revenue of Singapore vide Government Gazette, Electronic Edition, on 18th of May 2012 announced changes to Year End Forms. Modifications are made to update Form IR8A, Appendix 8A, Appendix 8B, and Form IR8S. The revised forms have been announced during the current month. The changes so announced would be released in October 2012. We advise customers to review the position statement to keep up-to-date. Position Statement can be found on My Oracle Support, Document ID 1331056.1.

Thursday Jun 21, 2012

Global Payroll Singapore - Changes to CPF Contribution Rates

Changes to CPF Contribution Rates

Deputy PM and MOF announced the initiatives relating to CPF during the FY2012 Budget Statement in Parliament on the 17th of February 2012. Accordingly the CPF contribution rates for older workers aged above 50 to 65 years will be increased effective the 1st of September 2012 to help them better prepare for retirement. On account of the notification, the contribution will be gradually increased to 0.5 to 2.5 percentage from employee and employer.

Position Statement has been revised to include this legislative update. We encourage customers to review the latest position statement to keep up-to-date. The latest document can be found on My Oracle Support, Document ID 1331056.1.

Wednesday Sep 14, 2011

Keeping Up to Date with Legislative Changes for Global Payroll Singapore

Please refer to Document ID 1331056.1 on My Oracle support for the latest significant legislative updates for PeopleSoft Global Payroll Singapore. 

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.

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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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