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GPSGP: Global Payroll Singapore Legislative Changes for Tax Year 2021-2022 (Doc ID 2750532.1)

Last updated on JULY 20, 2021

Applies to:

PeopleSoft Enterprise HCM Global Payroll Singapore
Information in this document applies to any platform.
NIL.






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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 20th July 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

  1. Character size of employee name field increased from 22 to 66 characters.
  2. Wage information modified such that both ordinary and additional wages should be reported and not optional field.

 Release 9.2: <Bug 32475898>

 Release date: TBD

 
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>

 Release date: TBD

 

 

 

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