By Paul Smit-Oracle on Sep 09, 2014
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.