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LAS VEGAS, December 2, 2013 - Rimini Street, Inc., the leading independent provider of enterprise software support for SAP AG's (NYSE:SAP) Business Suite and BusinessObjects software and Oracle Corporation's (NYSE:ORCL) Siebel, PeopleSoft, JD Edwards, E-Business Suite, Oracle Database, Hyperion and Oracle Retail software, today announced delivery of its first set of 2013 global year-end tax, legal and regulatory updates. Rimini Street's updates include the 2013-F update for PeopleSoft licensees, which was delivered ahead of the vendor's own scheduled delivery date for similar updates, as well as updates for SAP, JD Edwards and E-Business Suite licensees, as needed. The updates provide clients with significant new tax, legal and regulatory changes required for the U.S. and Canada, as well as Brazil, Mexico, Singapore, the UK and the European Union. Through an innovative combination of patent-pending tax, legal and regulatory research technology, methodology and ISO 9001-certified development processes, Rimini Street offers clients the most accurate deliverables with the fastest "legislature-to-live"SM update delivery cycle in the industry.
In the U.S. and Canada, there are numerous year-end updates including tax, reporting and filing changes required by the Internal Revenue Service, the Canadian Revenue Agency, and state, provincial and local governments.
For clients in the U.S., Rimini Street delivered tax, legal, and regulatory updates at the federal, state and local levels, many of which are effective January 1, 2014. At the U.S. federal level, Rimini Street updates include increases in the Social Security wage base and the Federal Allowance Amount for 2014. Additionally, Rimini Street provided updates related to the Patient Protection and Affordable Care Act (PPACA), as well as pension changes.
At the U.S. state and local government levels, Rimini Street delivered updates to Unemployment Insurance (UI) Taxable Wage Base figures for many states, including Colorado, Delaware, Iowa, Kentucky, Montana, New Jersey and Oklahoma, as well as increases to minimum wage amounts for Arizona, Florida, Montana, New York, Ohio, Oregon and Washington. Dozens of local tax updates were also provided for municipalities in Indiana, Kentucky, Ohio and Pennsylvania.
For clients in Canada, Rimini Street provided many recently announced provincial and territorial tax changes. In addition to changes to Canadian federal income thresholds and federal personal amounts effective January 1, 2014, the updates also included changes to the Canada Pension Plan (CPP), Québec Pension Plan (QPP), Employment Insurance (EI), Québec Employment Insurance, and Workers' Compensation Board (WCB) limits.
With tax, legal and regulatory delivery capabilities for nearly 200 countries, Rimini Street recently provided many required tax, legal and regulatory updates to its global clients, including those in Brazil, Mexico, Singapore, the UK and the European Union, and is continuing to work on delivering further updates.
For example, in Brazil, Rimini Street is working on updates related to the Brazilian Electronic Invoice (NF 2013-005) 3.10, effective March 2014, and also SPED Social, currently effective January 2014. In Mexico, the Company delivered payroll tax rate updates. In Singapore, changes required by the Inland Revenue Authority of Singapore (IRAS) to employee earnings reporting forms Appendix 8A and IR8A, as well as updates related to the Central Provident Fund (CPF), were included. The Company is also monitoring any Real Time Information (RTI) payroll start-of-year updates for clients in the UK, and will deliver changes to Single Euro Payments Area (SEPA) credit transfers affecting clients operating within the EU.
Rimini Street will continue to track and deliver many other potential tax, legal and regulatory updates needed by its clients for the upcoming year-end.
Rimini Street’s tax, legal and regulatory strategy and scoping team is made up of veteran tax specialists, attorneys and international tax, legal and regulatory professionals who use advanced technology and numerous government and private-sector sources to monitor, collect and verify tax, legal and regulatory changes. These sources include more than seven thousand government web sites and information resources for 24,000+ localities in nearly 200 countries.
Rimini Street also participates as a member in many prominent tax, legal and regulatory associations around the world, including the American, Canadian and Australian Payroll Associations, the American Bar Association Section of Taxation and the Tax Executives Institute. The innovative combination of technology, proven methodology and ISO 9001 quality processes consistently assures the fastest “legislature-to-live”SM update delivery cycle and highest quality deliverables in the industry.
“Rimini Street’s dedicated team of tax, legal and regulatory experts has delivered more than 60,000 tax, legal and regulatory updates since 2005, helping hundreds of clients worldwide keep their applications up to date and compliant with the latest tax, legal and regulatory changes,” said Paul Henville, Rimini Street group vice president, global development. “Through our ISO-certified processes and advanced research technology and metholody, Rimini Street is committed to providing the most reliable and comprehensive tax, legal and regulatory updates in the industry.”
Rimini Street is the leading independent provider of enterprise software support services. The company is redefining enterprise support services with an innovative, award-winning program that enables Oracle and SAP licensees to save up to 90 percent on total support costs over a decade, including saving 50 percent on their annual support fees. Clients can remain on their current software release without any required upgrades or migrations for at least 10 years. Hundreds of clients, including global, Fortune 500, midmarket, and public sector organizations from virtually all industries have selected Rimini Street as their trusted, independent support provider. To learn more, please visit www.riministreet.com or call within the USA 888-870-9692 or internationally +1 702-839-9671.
Rimini Street and the Rimini Street logo are trademarks of Rimini Street, Inc. All other company and product names may be trademarks of their respective owners. Copyright © 2013. All rights reserved.