Recent Posts by Paul Smit

Following the budget announcement by the Government, ATO has now released Study and Training Support Loans rates and thresholds. Our Position Statement has been revised to include these legislative updates. The Position Statement can be found on My Oracle Support, Document ID 2490264.1. We advise customers to review our position statement to keep up-to-date.

The Central Board of Direct Taxes (CBDT) has amended Form 24Q to make them more elaborative and informative. The same has been done to bring the Forms in parity with latest changes made in ITR Forms such as disclosure of deductions and exemptions. The revised File Format for Form 24Q (4th Quarter) Version 6.4 has been made available via Tax Information Network by Income Tax Department on 13th of May 2019. The CBDT also released a notification on 6th of May 2019 with regards to...

Changes to 2019 social insurance and public housing fund for Beijing, Shanghai regions have been announced and the solution posting timelines for these changes have been updated in our position statement. Oracle has now published the position statement on My Oracle Support, Document ID 2500689.1. We request customers to review the position statement to keep up-to-date. Chinese Version - 有关2019年的北京市以及上海市的上一年的社平工资，社保基数以及住房公积金标准已公布。甲骨文的中国版本的信息声明已经根据最新的法律法规的公布而修改了。我们建议客户及时从My Oracl...

The Central Board of Direct Taxes (CBDT) have introduced a new Format for Form 16. The new form has detailed break up of exempt allowances paid to the employee, standard deduction allowed and information on additional Income (or loss) from house property or income from other sources. The format specified in the notification comes into effect from May 12, 2019. Our position statement has been revised to include these legislative changes and information on solution delivery....

Following the budget announcement by the Government, our position statement has been updated with the information on amendments to the Tax Administration Act based on the changes released so far. Please note the measures announced as part of the Budget 2019-20 are subject to receiving royal assent. For more information on the changes as targeted for PeopleSoft Global Payroll Australia and the solution delivery timelines, we advise our customers to review the position statement...

Pay Day Reporting in Production It's about two years ago when the government announced the goal to modernize New Zealand’s tax system, which has been our starting point to build a solution for PayDay Reporting, to allow for electronic filing of PAYE information on a payday basis, which as of April 1st 2019 has become compulsory. As of today it's my pleasure to announce that we have received the first confirmation for a successful PayDay submission by one of our customers, ACC....

Singapore Government had announced Federal Budget 2019 during the week of February 18th. There were amendments related to Foreign Worker Levy (FWL). The Levy will remain unchanged for all sectors, the increase with effect from 01 July 2019 that was announced earlier is now deferred by a year and further announcement is expected in 2020. As there are no changes in the FWL rates, there is no impact to the product. Our Position Statement has been revised to include...

eSocial Mapping Layout 2.5 ESocial Mapping The mapping for version 2.5 of eSocial Layouts is currently available in My Oracle Support, Document ID 1526487.1. Mapeamento do eSocial   O mapeamento da versão 2.5 dos leiautes do eSocial está disponível no My Oracle Support, DocId 1526487.1.

The Finance Minister presented the interim budget on 1st of February 2019. There are amendments with respect to tax rebates, standard deduction and interest exemption on deposits made. These changes are effective 1st of April 2019 and applicable for fiscal year 2019 - 20. Our position statement has been updated with these legislative changes and its solution posting details. The Position Statement can be found on My Oracle Support, Document ID 2502935.1. We encourage...