Recent Posts by Paul Smit

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...

Statutory Minimum Wage Rate and Paternity Leave The Chief Executive in Council has adopted the recommendation of the Minimum Wage Commission of Hong Kong to raise the Statutory Minimum Wage rate (SMW) to $37.5 per hour an increase of $3. Subject to the approval of the Legislative Council, the revised SMW rate will take effect from 1 May 2019. Besides the above, entitlement of Statutory Paternity Leave has been increased to 5 days from 3 for a child born on or after 18th of...

Updates to China accumulative withholding tax calculation following further clarification from the Tax Bureau has impact on the solution posting timelines.  Our position statement has been updated with these changes. Oracle has now published the position statement on My Oracle Support, Document ID 2500689.1. We request customers to review the same. Chinese Version - 有关中国国税局公布的自2019年1月1日起中国居民所得税将适用年累计预扣预缴的计税方式的法律变更，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 Oracle Support上去查看最新...

Inland Revenue has released the revised version of the specification document for 2019. There are amendments to maximum liable earnings for ACC Earner’s levy, Student Loan annual repayment threshold etc. The changes are effective 1st April 2019. Details of these legislative changes along with solution posting information are now available on My Oracle Support under document ID  2496237.1. We advise customers to review our position statement to keep up-to-date.