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

Legislative Update for PeopleSoft HCM Global Payroll New Zealand

Inland Revenue has released the Payroll Calculation specification document for year 2021. There are changes to student loan repayment thresholds where new limits are introduced effective April 2021. Apart from the Student Loan limits, new tax codes and higher tax rates are introduced. 
Our Position Statement has been revised to include this legislative update. We advise customers to review our position statement to keep up-to-date. The Position Statement can be found on My Oracle Support , Document ID 2743060.1.

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