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Legislative Update for PeopleSoft HCM Global Payroll Switzerland

PeopleSoft Global Payroll Switzerland has announced legislated changes for 2020.  These changes cover the following: 

  • AHV_AVS Contribution raised from 10.25 to 10.55 
  • Cantonal Source Tax Rates and Commission
  • Cantonal Child Allowances and Employer Contribution Rates
  • Additional employer contribution managed by FAK_CAF
  • Update Postal codes and Village Codes (Steuergemeinde)
  • Update Bank information

Customers can review more details surrounding these changes as well as our delivery plans on My Oracle Support, Document ID 2622739.1 

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