Tuesday Mar 31, 2015

Legislative Update for PeopleSoft HCM Global Payroll China

PHFSI amendments

There were changes related to Social Insurance for Beijing and Shenzhen region. The notified changes were published in 2015. In order to ensure compliance with these legislative initiatives, Oracle has updated the position statement that is made available on, My Oracle Support, Document ID 1965056.1.

Chinese Version -

从2015年开始,有关北京和深圳地区的最低工资相关的法律变更 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 Oracle Support上 去查 看最新修改的信息声 明, 文档编 号:1965056.1.

Friday Mar 27, 2015

PeopleSoft Payroll for North America Tax Calculation Revision in Tax Update 15-B

The PeopleSoft Payroll for North America team would like to notify you that Tax Update 15-B will contain a change to the way the payroll system handles State Reciprocity Calculations for Resident State Aggregate Supplemental Taxation.  I encourage all Payroll for North America customers to review the information in Document ID 1990074.1 on My Oracle Support.

Thursday Mar 19, 2015

Legislative Update for PeopleSoft HCM Global Payroll India

The government of India vide notification no 323 (E) & 324 (E) has reduced the EPF administrative charges to 0.85% subject to minimum amount of Rs.500 per month per establishment  effective 1st January 2015. Additionally we also have amendments made in the schedule to Karnataka State Tax on Professions, Trades, Callings and Employments Act, 1979. As per the amendment, Professional tax is exempted for employees drawing salary below Rs.15,000 and age limit for senior citizen to claim exemption from Professional tax has been reduced to 60 years from 65 years. The Position Statement has been revised to include details about these legislative updates and the patch availability. 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 1962660.1.

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.

Friday Mar 13, 2015

Legislative Update for PeopleSoft HCM Global Payroll France

DSN (Déclaration Sociale Nominative)

The Government of France released Phase 3 of Déclaration Sociale Nominative (DSN) on 9th January this year. DSN Phase 3 will be mandatory from January 2016 and private organizations are obligated to report as per the norm. Oracle has updated its position on DSN Phase 3 and details regarding the same can be obtained from the document available on My Oracle Support under Document ID 1968781.1. Further, updates to our earlier position statement for the month of December 2014 is also available on My Oracle Support under Document ID 1926690.1.

Le gouvernement de la France a publié la phase 3 de la Déclaration Sociale Nominative ( DSN ) le 9 Janvier de cette année. DSN Phase 3 sera obligatoire à partir de Janvier 2016 et les organisations privées sont tenues de déclarer selon la norme. Oracle a mis à jour un énoncé de position sur la DSN phase 3 et ces détails peuvent être obtenus dans le document 1968781.1 sur My Oracle Support. En outre, des mises à jour à notre précédent énoncé de position du mois de Décembre 2014 sont également disponibles dans le document 1926690.1 sur My Oracle Support.

Tuesday Mar 10, 2015

Legislative Update for PeopleSoft HCM Global Payroll Australia

There were amendments to FBT rate, bench mark interest rate and reportable fringe benefits. The Position Statement has been revised to include more details about these legislative updates and the patch availability. 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 1985727.1.

Friday Mar 06, 2015

Legislative Update for PeopleSoft HCM Global Payroll India

The Finance Minister has presented the budget for Financial Year 2015-16 on 28th of February 2015. There are amendments with respect to deductions from total income, exemptions and taxes. These changes are effective 1st of April 2015. Also note that the Finance Bill tabled in Parliament is pending royal assent from The President. The Position Statement has been revised to include more details about these legislative updates and the patch availability. 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 1962660.1.

Wednesday Mar 04, 2015

Legislative Update for PeopleSoft HCM Global Payroll Australia

The minimum amount to be reported at ‘Lump sum E’ in payment summaries will increase from $400 to $1,200 from 1 July 2015. Payees with a substantial lump sum E amount reported on their payment summary may be entitled to a tax offset. In order to ensure compliance with these legislative initiatives Oracle has published an updated position statement on My Oracle Support, Document ID 1985727.1. We encourage our customers to review the latest Statement to keep up to date.

Thursday Feb 26, 2015

Legislative Update – Federal Contractor Veteran’s Employment Reports VETS-4212

The U.S. Department of Labor published a final rule that reduces reporting requirements for federal contractors and subcontractors who hire and employ veterans under provisions of the Vietnam Era Veteran’s Readjustment Assistance Act of 1974. The final rule revises the VETS-100A Report and renames it to VETS-4212 Report.  The new VETS-4212 Report requires contractors to report specific information on protected veterans in their workforce in the aggregate, rather than for each category of veterans protected under the statute, reducing the required reporting elements by almost half.

For complete information on planned functionality as well as PeopleSoft's Position Statement on VETS-4212, see Document ID 1983041.1.

Friday Feb 13, 2015

PeopleSoft Continues to Deliver Enhancements for the Affordable Care Act

The "Patient Protection and Affordable Care Act" (PPACA) (P.L. 111-148) and the "Health Care and Education Reconciliation Act of 2010" (H.R. 4872) were signed into law March of 2010.  A major part of this law is the Employer Shared Responsibility provision that went into effect January 1, 2015.   Are you prepared?  Are you aware of the functionality PeopleSoft has already delivered?  Are you up to date on what PeopleSoft plans to deliver in the future?

We are continuously delivering enhancements around the Affordable Care Act.  In fact we have just recently delivered some additional enhancements to our Base Benefits module. Links to recent patches, along with information on previously posted enhancements for HRMS, Base Benefits, and Benefits Administration can be found on Document 1919696.1.

Join us March 25 for our latest Advisor Webcast on PeopleSoft HCM Updates for the Affordable Care Act.  We will discuss the recently delivered benefits functionality for Employer Shared Responsibility, new functionality anticipated for Time & Labor, and forms 1094-C and 1095-C.  See Document 1456265.1 for schedule and registration. 

For complete information on planned functionality and delivered enhancements, as well as PeopleSoft's Position Statement on the Affordable Care Act, see Document 1080659.1.

Thursday Feb 05, 2015

Legislative Update for PeopleSoft HCM Global Payroll Hong Kong

Statutory Minimum Wage Rate

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 $32.5 per hour. Subject to the approval of the Legislative Council, the revised SMW rate will take effect from 1 May 2015. The Position Statement has been revised to include more details about these legislative updates and the patch availability. 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 1963839.1.

Tuesday Feb 03, 2015

Separating Billing and Revenue in Support of the New Revenue Accounting Standard

The Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) issued new revenue accounting standards in May 2014 with an effective date of 2017. PeopleSoft FSCM Update Image 10 includes enhancements to the PeopleSoft Contracts and Project Costing modules to support customers in their transition to the new accounting standards.

A summary of the changes is included on the PeopleSoft Apps Strategy blog.

Saturday Jan 31, 2015

Legislative Update for PeopleSoft HCM Global Payroll China

PHFSI amendments

There were changes related to Social Insurance for Tianjin region. The notified changes were published in 2015. In order to ensure compliance with these legislative initiatives, Oracle has updated the position statement that is made available on, My Oracle Support, Document ID 1965056.1.

Chinese Version -

从2015年 开始,有关天津地区的社会保险 相关的法律变 更已公布。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 Oracle Support上 去查 看最新修改的信息声 明, 文档编 号:1965056.1.

Monday Jan 26, 2015

Legislative Update for PeopleSoft HCM Global Payroll India

Form 16 E Token Digital Signature

An update has been provided in the Position Statement about the solution for Form-16 Digital Signature using E Token. We advise customers to review the position statement for the patch availability. The document is available on My Oracle Support under Document ID 1962660.1

Friday Jan 16, 2015

Legislative Update for PeopleSoft HCM Global Payroll Spain

Starting January 2015,  Tax and Social Security legal changes have been published affecting Global Payroll Spain product:
1) Social Security upper ceiling and maximum bases amounts have been updated.
2) Statutory rates for 2015 like SMI have been modified.
3) Changes have been on the taxes calculation (IRPF and IRNR) as reaction to the Law 26/2014 of November 27th.
4) Withholding bracket for Navarra has been updated.

The Position Statement has been revised to include more details about these legislative updates, the patch availability and pre-requisites. 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 1520058.1. 
About

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.

Search

Archives
« April 2015
SunMonTueWedThuFriSat
   
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
  
       
Today