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

Legislative Update for PeopleSoft HCM Global Payroll Spain

By: Paul Smit | Director Product Management

Spanish Government published Real Decreto 1077/2017 that establishes the Minimum Salary for 2018. The new value of Minimum Salary will most likely impact the Minimum Social Security bases and rates. Oracle has advanced those values as part of the 2nd Delivery of Tax update for 2018

Additionally, this legislative update contained the reaction to Decreto Foral 62/2017 (Alava), Decreto Foral 31/2017, (Guipúzcoa) and Decreto Foral 152/2017 (Vizcaya) that establish the new tax rates for 2018 for those Historical Territories.

Oracle is currently working on the changes to comply with new template for the Tax Deduction Report (Model 10T) and also on the changes on the XML reporting to Fundación Tripartita for 2018.

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.

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