GPHKG: Global Payroll Hong Kong Legislative Changes for Tax Year 2021-2022
(Doc ID 2744427.1)
Last updated on MARCH 04, 2021
Applies to:PeopleSoft Enterprise HCM Global Payroll Hong Kong - Version 9.2 to 9.2 [Release 9]
Information in this document applies to any platform.
The intent of this document is to describe solutions for problems or questions related to Global Payroll Hong Kong Legislative Changes for Tax Year 2021-2022. This solution applies to customers on PeopleSoft Release 9.2. This is a living document and will be updated as new solutions are created; please review thoroughly on a regular basis.
Summary Table - see below for details:
Please see table below for details.
|Legislative Change||Effective Date||Additional Info||P1 Patch Fix Target Date||Targeted Into Pum Image/Patchset|
|Statutory Changes||11th Dec 2020||
Statutory maternity leave is extended to 14 weeks from existing 10 weeks.
The increase has been approved by the Legislative Council, the revision will take effect from 11th Dec 2020.
As part of administering the extension of maternity leave in the PeopleSoft system, the delivered leave entitlement (MLV MAT ENT) is used to record the maternity leave extension. The earning element MLV LVE PAY is used to make the statutory maternity payments.
The paid maternity period is increased to 14 weeks from 10 weeks and the current statutory calculations will be used to compute the additional 4 weeks with a capping of $80,000.
For 9.2 release: <Bug 32383670>
To stay up with the legislative changes that will impact your PeopleSoft Application visit <https://blogs.oracle.com/psftlegupdates/>
You need to apply the critical patches / GP Updates whenever their legislative fixes are posted.
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