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

  • September 6, 2018

Legislative Update for PeopleSoft Payroll for North America - New York Employer Compensation Expense Program (ECEP)

The New York Department of Taxation and Finance has established a new optional Employer Compensation Expense Tax (ECET) that employers can elect to pay if they have employees earning over $40,000 annually in wages and compensation in New York State.  

We have issued a Position Statement on this legislative update as it applies to Payroll for North America, specifically U.S. Payroll Processing.  The Position Statement can be found on My Oracle Support, Document 2443798.1

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