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. 

Tuesday Jan 13, 2015

Legislative Update for PeopleSoft HCM Global Payroll Malaysia

Further Amendments to Monthly Tax Calculations

IRBM (Inland Revenue Board of Malaysia) has announced further amendments to the Monthly Tax calculations. These changes are in addition to the legislative changes announced in the budget during October 2014 and will come to effect from 1st of January 2015. Tax reliefs for disabled child, increase in higher education, Benefits-in-kind & Value of Living Allowance are categorized as normal remuneration, increase in  combined deduction limit of Medical Expenses for treatment of serious disease & complete medical examination are the few to name it. Our Position Statement has been revised to include these legislative updates. We advise customers to review our position statement to keep up-to-date. The document is available on My Oracle Support under Document ID 1960752.1.

Friday Jan 02, 2015

Legislative Update for PeopleSoft HCM Global Payroll New Zealand

New Zealand Inland Revenue Department has released draft version of payroll specification document. The amendments would include changes to ACC earner's levy, truncation rule update for tax codes etc. The changes are Cabinet approved but subject to final regulations being made later. Oracle has published an updated version of the PeopleSoft HCM Global Payroll for New Zealand Position Statement to communicate about its development plans. The document is available on My Oracle Support under Document ID 1957649.1.

Monday Dec 29, 2014

Legislative Update for PeopleSoft HCM Global Payroll United Kingdom

Autumn Statement Changes for 2015-16 

On 3rd of December 2014, The Chancellor of the Exchequer delivered his Autumn Statement.  Following the announcement, updated rates and thresholds were released affecting certain calculations with respect to National Insurance, PAYE and Statutory Payments. In addition, new thresholds have been announced for student loan calculation and NIC for less than 21 Years of Age. The changes are effective 6th of April 2015. Our revised position statement includes these legislative changes and the respective delivery timelines. 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 1631637.1.

Tuesday Dec 16, 2014

Legislative Update for PeopleSoft HCM Global Payroll Brazil

Fiscal Year 2015 – Annual Reports

DIRF 2015: Normative Instruction RFB nº . 1503 published on October 29, 2014 establishes the deadline of February 27, 2015 for submission of information regarding DIRF fiscal year 2015. There are no changes required in the layout for this year.

IREN 2015: Normative Instruction RFB nº 1.522, published on December 8th 2014 changed the IREN report including on the box 5 information regarding the IRRF over the 13th Salary.

RAIS 2015: until December 12, 2014 there were no updates on the RAIS publication.

Oracle is working to deliver the legal changes required for Annual Reports, and customers can follow our updates through the Document ID 1954353.1, on My Oracle Support.

Monday Dec 15, 2014

Legislative Update for PeopleSoft HCM Global Payroll Australia

Child Support PEA Amount for 2015

The Australian Government Department of Human Services has set a minimum amount that must remain in a person’s wage after tax and child support has been deducted. This amount is termed as Protected Earnings Amount (PEA). The PEA is reviewed each year and adjusted on 1 January to allow for increases in the cost of living. For the year 2015, the PEA from 1 January is set to $349.13. This is the amount that must be set aside for your employee/contractor after tax and Child Support is deducted.

TFN Declaration Reporting

ATO has published The Tax file number (TFN) declaration reporting version 2.3.0 specification.  This impacts the electronic lodgment of TFN reporting. The changes are effective 1st of July 2015.

In order to ensure compliance with these legislative initiatives Oracle has published revised position statement on My Oracle Support, Document ID 1632138.1. We encourage our customers to review the latest Statement to keep up to date.

Legislative Update for PeopleSoft HCM Global Payroll India

Digital Signature in Form 16

The government of India has issued a circular making it mandatory to generate private keys corresponding to the Class 2 and Class 3 DSC’s only from FIPS 140-1/2 Level 2 validated hardware cryptographic token. The introduction of the crypto token would impact the current process of generating the Form-16 (Part B) and display in self service portal with digital signature. In order to follow the guidelines issued by CCA in using the digital signature certificate and continue the display of Form-16 via self service, changes has been proposed to the current set-up. We have our revised position statement on My Oracle Support, Document ID 1904351.1.

Friday Nov 28, 2014

Legislative Update for PeopleSoft HCM Global Payroll Australia

SuperStream Reporting

ATO has notified numerous changes via the Guidance Note released for SuperStream contributions. The changes include default values for certain mandatory fields, case sensitive check for 'BPAY' payment type of contributions, usage of space in Payment Reference Number etc. Our Position Statement has been revised to include these legislative updates and the delivery timelines for the respective changes. 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 1632138.1.

Tuesday Nov 25, 2014

Legislative Update for PeopleSoft HCM Global Payroll France

Oracle has published an updated version on the PeopleSoft HCM Global Payroll for France Position Statement to communicate about its development plans related to various upcoming legislative changes, including the new learning CPF entitlement and the occupational painfulness prevention entitlement (CPPP) that will be effective January 1st, 2015. The document is available on My Oracle Support under Document ID 1926690.1.

Oracle a publié une version révisée du Position Statement pour la paie globale pour la France de PeopleSoft, afin de communiquer quant à ses plans de développement concernant plusieurs changements légaux, notamment le Compte Personnel de Formation (CPF) et le Compte Personnel de Prévention de la Pénibilité (CPPP). Vous trouverez ce document sur My Oracle Support sous le numéro de document 1926690.1.
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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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