GPSGP: Global Payroll Singapore Legislative Changes for Tax Year 2021-2022
(Doc ID 2750532.1)
Last updated on NOVEMBER 30, 2021
Applies to:
PeopleSoft Enterprise HCM Global Payroll Singapore - Version 9.2 to 9.2 [Release 9]Information in this document applies to any platform.
Details
The intent of this document is to describe solutions for problems or questions related to Global Payroll Singapore Legislative Changes 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.
(Last updated 30th Nov 2021) Summary Table - see below for details:
| Legislative Change | Effective Date | Additional Info | P1 Patch Fix Target Date | Targeted into Pum |
| CPF File Spec Updates | Jan 2022 |
CPF Board have updated the file specifications of CPF E-submission. The changes are
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Release 9.2: <Bug 32475898>
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PUM Image 40 |
| CHANGES CPF CONTRIBUTION RATE FOR SENIOR CITIZEN WORKERS | Jan 2022 |
The new CPF contribution rates raised gradually for Singaporean and Permanent resident workers aged above 55 to 70 years. The first increase is effective 01 Jan 2022 The Current rates <=55 age = Current is 37% no change for 01 Jan 2021 >55 to 60 Current rate is 26% new rate is 28% >60 - 65 Current rate is 16.5% New rate is 18.5% >65 -70 Current rate is 12.5% new rate is 16.5% >70 Current rate 12.5% and no change in Jan 2021 |
Release 9.2: <Bug 33107497>
|
PUM Image 40 |
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