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Legislative Update for PeopleSoft HCM Global Payroll New Zealand

Guest Author

Inland Revenue has released the Payroll Calculation specification document version 1.1 for the year 2021. There are changes to the ESCT threshold rate where new limits are introduced effective April 2021. This change is in addition to the previous changes to the Student Loan limits, new tax codes and higher tax rates.

Our Position Statement has been revised to include this legislative update. 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 2743060.1.”


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