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Legislative Update for PeopleSoft HCM Global Payroll Singapore

Paul Smit
Director Product Management

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 these legislative updates. 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 2512771.1.

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