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Stay informed about the updates applied to PeopleSoft applications to keep your organization compliant

Legislative Update for PeopleSoft Global Payroll Australia

Following the budget announcement by the Government of Western Australia, the Department of Finance published Amendments to The Payroll Tax Act of 2002 and Payroll Tax Assessment Act of 2002, establishing a tiered payroll tax scale. The change, which comes fully into effect in 2021, means businesses will only start paying the tax when the total amount they spend on employees hits $1 million, instead of the current threshold of $850,000. From January 2020, the threshold will be raised to $950,000.

In order to ensure compliance with these legislative initiatives Oracle has published a position statement on My Oracle Support, Document ID 2626371.1 detailing the requirement and information on solution delivery. We encourage our customers to review the latest Statement to keep up to date.
 

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