UK Oracle User Group


PeopleSoft Legislative Updates

7 February 2017

A round-up of all the latest PeopleSoft Legislative Updates from blogs.oracle.com/PsftLegUpdates

Legislative Update for PeopleSoft HCM on the Affordable Care Act

A special posting for release 9.1 and release 9.2 are now available for the PeopleSoft Affordable Care Act functionality. This patch contains updates and fixes for specific issues related to the Affordable Care Act processing. You can view the changes by logging on the Oracle Community.

Legislative Update for PeopleSoft HCM Global Payroll India

The Finance Minister has presented the budget for Fiscal Year 2017-18 on 1st of February 2017. There are amendments with respect to tax rates, surcharge, tax rebate & deductions from total income. These changes are effective 1st of April 2017. Our position statement has been updated with these legislative changes. We encourage our customers to review the latest Statement to keep up to date. The Position Statement can be found on My Oracle Support, Document ID 2223826.1.

Legislative Update for PeopleSoft HCM Global Payroll India

Employee's Provident Fund Organization has released amendments to Electronic Challan cum Return (ECR) report. The new version ECR 2.0 will have UAN (Universal Account Number) replacing the EPF membership number as a key field. Oracle has published a revised position statement detailing the legislative changes along with solution deliverable timelines. 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 2223826.1.

Legislative Update for PeopleSoft HCM Global Payroll Spain

The first delivery of Tax Update for 2017 has been delivered. It contains changes on the CRA file (Conceptos Retributivos Abonados) to comply with the latest requirements published by the Social Security.
The Position Statement has been updated with details of this tax update and information regarding in-progress Tax Updates, like 2017 XML files for 'Fundación Tripartita' or new format of Tax deduction Report (Model 10T). 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.

Furthermore we want to inform you about the date for the next customer meeting (web conference), that we are planning for February 15th, where we will go through the latest legislative changes included in the product.

Legislative Update for PeopleSoft HCM on the Affordable Care Act

A special posting for release 9.1 is now available for the PeopleSoft Affordable Care Act functionality.   This patch contains updates and fixes for specific issues related to the Affordable Care Act processing.   You can view the changes by logging on the Oracle Community

Legislative Update for PeopleSoft HCM on the Affordable Care Act

A special posting for release 9.2 is now available for the PeopleSoft Affordable Care Act functionality. This patch contains updates and fixes for specific issues related to the Affordable Care Act processing. You can view the changes by logging on the Oracle Community

Legislative Update for PeopleSoft HCM on the Affordable Care Act

A special posting for release 9.1 is now available for the PeopleSoft Affordable Care Act functionality.   This patch contains updates and fixes for specific issues related to the Affordable Care Act processing.   You can view the changes by logging on the Oracle Community

Legislative Update for PeopleSoft HCM on the Affordable Care Act

A special posting for release 9.2 is now available for the PeopleSoft Affordable Care Act functionality. This patch contains updates and fixes for specific issues related to the Affordable Care Act processing. You can view the changes by logging on the Oracle Community.

Legislative Update for PeopleSoft HCM Global Payroll Hong Kong

The Chief Executive in Council has adopted the recommendation of the Minimum Wage Commission of Hong Kong to raise the Statutory Minimum Wage rate (SMW) to $34.5 per hour. Subject to the approval of the Legislative Council, the revised SMW rate will take effect from 1 May 2017. The Position Statement has been revised to include more details about this legislative update and the patch availability. The Position Statement can be found on My Oracle Support, Document ID 2225166.1. We advise customers to review the position statement to keep up-to-date.

Legislative Update for PeopleSoft FSCM India GST

India’s Government passed the much awaited Goods and Services Tax (GST) Bill, paving the way for the introduction of Goods and Services Tax (GST) which is expected to go into effect 4/1/ 2017. GST is considered the largest indirect tax reform in India, subsuming multiple taxes at central and state levels.

GST is a single indirect tax on the supply of goods and services, right from the source to the consumer.Credits of input taxes paid at each stage of the supply chain will be available in the subsequent stage of value addition, which makes GST essentially a tax only on value addition at each stage. It is expected to bring changes to the process and compliance requirements that will include tax calculations, liability accounting, and input tax recovery.

PeopleSoft 9.2 Update Images plans to deliver an expansion to the existing India Tax engine that is expected to comply with the new GST law. This expansion is expected to include a global infrastructure with flexible setup for all possible tax calculations for Interstate and Intrastate taxes. The new structure is expected to be utilized by PeopleSoft products such as Accounts Payable, Purchasing, Inventory, Order Management, Billing, Accounts Receivable and Expenses to accurately calculate, and record the appropriate tax amounts for the manufacture, sale and consumption of goods and services.

Customers can prepare for the change by being current on PeopleSoft FSCM 9.2 Update Images. Areas of change will include the core transactional entry pages such as Voucher Entry, Purchase Order Entry and more.

Final specifications have yet to be published and may not be published until as late as Feb 2017. A detailed (190 page) GST Model Law was published in June 2016. Further updates will be made to the PeopleSoft Legislative Blog as more detail is made available by the India government. Customers can connect with Oracle Support for further questions.

Legislative Update for PeopleSoft HCM Global Payroll India

As per the Gazette notification released during the last week of December 2016 the increase in monthly ESI wage limit (from Rs 15,000 to Rs 21,000) with effect from 1st October 2016 will now come to effect from 1st January 2017. In order to ensure compliance with these legislative initiatives Oracle has published a revised position statement detailing the amendment along with solution deliverable timelines. 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 2223826.1.

Legislative Update for PeopleSoft HCM Global Payroll Australia

Working Holiday Makers

The parliament of Commonwealth of Australia introduced Working Holiday Makers Reforms Bill 2016 during the month of December. The bill emphasizes taxation on the payments made to working holiday makers. The Working Holiday Maker program allows young adults (18 to 30) from eligible partner countries to work in Australia while having an extended holiday. 

Changes to Payment Summaries             

Australian Taxation Office has published Final Specification for both Self-Printing PAYG Withholding Payment Summaries (version 5.3.0) and PAYG Withholding Annual Report (version 12.0) which would be used from 2016-17 financial year onwards.

Our Position Statement has been revised to include more details on the above legislative updates and the business solution availability. 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 2219948.1.

Legislative Update for PeopleSoft HCM Global Payroll France

The French Government as part of their routine annual legislative updates has announced changes to Illness Rates, Fillon Reduction and a few others. These changes are effective from 1st of January 2017. In addition, the new legislation requiring employers to deduct tax at source i.e., Prélèvement à la Source (PAS) is also announced and will be effective from 1st January 2018. Details regarding these legislative announcements are available on My Oracle Support under document ID  2222248.1.

Le gouvernement français, dans le cadre des mises à jour législatives annuelles, a annoncé des changements relatifs aux taux de maladie, à la réduction Fillon et à quelques autres. Ces modifications entrent en vigueur à compter du 1er janvier 2017. Par ailleurs, la nouvelle législation imposant aux employeurs la déduction de la taxe à la source, i.e. Prélèvement à la Source (PAS) est également annoncée et entrera en vigueur le 1er janvier 2018. Les détails concernant ces annonces législatives sont disponibles sur My Oracle Support(MOS), document ID 2222248.1.

Legislative Update for PeopleSoft HCM for the Form I-9 (United States)

The USCIS revised the Form I-9 (used for verifying the identity and employment authorization of employees hired for employment in the United States).  The revised Form I-9 is effective January 21, 2017.  Customers can review more details surrounding these changes as well as our delivery plans on My Oracle Support, Document ID 2221977.1.

Legislative Update for PeopleSoft HCM on the Affordable Care Act

A special posting for release 9.1 is now available for the PeopleSoft Affordable Care Act functionality.   This patch contains updates and fixes for specific issues related to the Affordable Care Act processing.   You can view the changes by logging on the Oracle Community

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