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

Legislative Updates for PeopleSoft Global Payroll Spain

Guest Author

Starting Jan 2013, the Tax and Social Security legal changes have impact on the Global Payroll Spain product:
1) Tax rates for historical territories Alava, Guipuzcoa and Vizcaya have changed.
2) SMI Rate has been increased of 0,6 %.
3) Social Security ceilings and minimum/maximum bases amounts have been
4) Tax Calculation Algorithm has been changed to reflect fact that in 2013 there
will be no regularization with cause 11 for employees with house mortgage

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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