Rimini Street, Inc

Press Releases

Rimini Street Delivers 2016 Year-End Tax, Legal and Regulatory Updates for North America, Asia-Pacific, EMEA and Latin America

12/12/2016

More than 125,000 tax, legal and regulatory updates delivered worldwide to date using ISO-certified processes and methodology

LAS VEGAS, December 12, 2016 - Rimini Street, Inc., the leading independent provider of enterprise software support services for SAP SE's (NYSE:SAP) Business Suite, BusinessObjects and HANA Database software and Oracle Corporation's (NYSE:ORCL) Siebel, PeopleSoft, JD Edwards, E-Business Suite, Oracle Database, Oracle Middleware, Hyperion, Oracle Retail, Oracle Agile PLM and Oracle ATG Web Commerce software, today announced that it has delivered its next set of global tax, legal and regulatory updates, including year-end updates for 2016. The updates include the 2016-E update for PeopleSoft clients in the United States and Canada, which were delivered ahead of the vendor's own scheduled delivery date for similar updates. Additionally, global updates affecting SAP, Oracle E-Business Suite and JD Edwards clients with operations throughout the United States and Canada, as well as Argentina, Brazil, Columbia, Ireland, India, Indonesia, Japan, Poland, Singapore and the United Kingdom were also delivered. Rimini Street has issued more than 125,000 tax, legal and regulatory updates to clients to date, and provides accurate, high-quality deliverables using an innovative combination of a patent-pending tax, legal and regulatory technology, a proven methodology and ISO 9001-certified development processes.

Updates for the United States and Canada

In the United States and Canada, Rimini Street provided numerous year-end tax, reporting and filing changes required by the Internal Revenue Service and the Canadian Revenue Agency, as well as state, provincial and local governments. At the U.S. federal government level, Rimini Street updates included an increase to the Social Security wage base as well as IRS Form 1095-C changes in support of the Patient Protection and Affordable Care Act (PPACA). Tax form definition and year-end reporting changes were also included.

At the state and local government levels, Rimini Street delivered updates to Unemployment Insurance (UI) Taxable Wage Base figures for several states, as well as minimum wage increases for Florida, Montana, New Jersey, Ohio, South Dakota and Washington. Rimini Street also provided quarterly electronic filing changes and local tax updates for municipalities in California, 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, the updates also included changes for the Canada Pension Plan (CPP), Québec Health Care Contribution, Employment Insurance (EI) and Workers’ Compensation Board (WCB) limits.

Updates for Asia-Pacific, EMEA and Latin America

With tax, legal and regulatory delivery capabilities for nearly 200 countries, Rimini Street also recently provided many required updates to its clients who need tax, legal and regulatory support for Argentina, Brazil, Columbia, Ireland, India, Indonesia, Japan, Poland, Singapore and United Kingdom.

The following updates have been delivered to clients:

  • For Argentina, updates to the Regional Withholding Tax.
  • For Brazil, changes to the Código Especificador da Substituição Tributária (CEST) code.
  • For India, updates to the new Form 11 for the Declaration of Coverage by the Provident Fund Office.
  • For Indonesia, changes to contributions allowed for the Security Workers Social Security (BPJS) Pension Program.
  • For Japan, updates to the home loan tax deduction, reporting to the National Pension System (Todokesho), filings for dependent information, authorization for tax certificates and 2017 Withholding Tax Tables.
  • For Poland, changes to computerized tax audits with the introduction of Single File Control and SAF-T filings.
  • For Singapore, 2017 tax filing updates according to the Inland Revenue Authority of Singapore (IRAS) Interface File Specifications Release 12.0.
  • For the United Kingdom, annual updates to the Company Car CO2 Emissions increase, Student Loan Threshold and P60 filings.

Industry-Leading Tax, Legal & Regulatory Research and Technology

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 2,900 government web sites and close to 3,300 information sources covering more than 26,000 localities in nearly 200 countries.

Rimini Street also participates in and is a member of many prominent tax, legal and regulatory associations around the world, including the American, Canadian, United Kingdom and Australian Payroll Associations, the American Bar Association Section of Taxation, the Financial Executives International Association, the Tax Council 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.

“As our teams close out 2016 and prepare for 2017, Rimini Street’s dedicated tax, legal and regulatory team continues to focus on delivering the most robust, comprehensive and accurate deliverables to our global Oracle and SAP clients,” said Paul Henville, group vice president, Global Product Delivery, Rimini Street. “Rimini Street has delivered over 125,000 tax, legal and regulatory updates to clients since 2005 using our patent-pending research technology and ISO-certified development processes. The Company has a long, successful and proven track record for providing mission-critical tax, legal and regulatory updates to ensure our clients remain in compliance.”

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About Rimini Street, Inc.

Rimini Street is the global leader in providing independent enterprise software support services. The company has redefined enterprise support services since 2005 with an innovative, award-winning program that enables Oracle and SAP licensees to save up to 90 percent on total support costs. Clients can remain on their current software release without any required upgrades for a minimum of 15 years. Over 1,600 global, Fortune 500, midmarket, and public sector organizations from a broad range of industries have selected Rimini Street as their trusted, independent support provider. To learn more, please visit http://www.riministreet.com.

Forward-Looking Statements

This press release may contain forward-looking statements. The words "believe," "may," "will," "plan," "estimate," "continue," "anticipate," "intend," "expect," and similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to risks and uncertainties, and are based on various assumptions. If the risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. Rimini Street assumes no obligation to update any forward-looking statements or information, which speak only as of the date of this press release.

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