Rimini Street Delivers Global Tax, Legal and Regulatory Updates
ISO-Certified Processes Ensure Accurate Updates for U.S., Canada, UK, Ireland and the EU
LAS VEGAS, August 11, 2014 - 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, Oracle Middleware, Hyperion and Oracle Retail software, today announced delivery of its global tax, legal and regulatory updates, for PeopleSoft, E-Business Suite and SAP releases, including the 2014-D update for PeopleSoft clients using Human Capital Management products in North America. The Rimini Street updates were once again delivered ahead of the software vendor's own scheduled delivery date for similar updates. The updates provide clients with significant new tax, legal and regulatory changes required for the U.S., Canada, the United Kingdom, Ireland and European Union. Through an innovative combination of patent-pending tax, legal and regulatory research technology, proven methodology and ISO 9001-certified development processes, Rimini Street offers clients accurate deliverables with the fastest "legislature-to-live"SM update delivery cycle in the industry.
U.S. and Canadian Updates
In the U.S. and Canada, there were numerous tax, legal and regulatory updates required by various state, local and provincial agencies.
For the U.S., Rimini Street delivered tax, legal, and regulatory updates at the state and local levels. At the state level, updates include percentage method withholding tables for Idaho and Ohio. Idaho also increased its annual withholding allowance, while Michigan increased its minimum wage. Numerous local tax updates were also provided for municipalities in Kentucky, New York, Ohio and Pennsylvania. For Pennsylvania Act 32 reporting which requires uniform withholding of earned income taxes (EIT), additional counties were migrated from paper filing to electronic filing. In preparation for year-end 2014 reporting, modifications were also delivered to support new state Employer Identification Number (EIN) formats.
For clients in Canada, Rimini Street delivered tax changes to restore the Novia Scotia Harmonized Sales Tax Rate to 15 percent after a reduction to 14 percent was postponed by the government.
Updates for United Kingdom, Ireland and European Union
With tax, legal and regulatory delivery capabilities for nearly 200 countries, Rimini Street recently provided many required 2014 updates to its global clients, including those in the UK, Ireland and EU, and is preparing further updates for future delivery.
For example, in the UK and Ireland, Rimini Street delivered informational updates regarding changes to accounting standards for E-Business Suite and SAP clients. For SAP clients in the UK, updates included changes to the Earlier Year Updates (EYU) used for Real Time Information (RTI) reporting. In the EU, Rimini Street delivered an informational update regarding the change to the place of supply rules affecting e-Services, as well as the related EU Value Added Tax (VAT) Return Mini One Stop Shop (MOSS) scheme. These significant changes take effect on January 1, 2015.
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 2,000 government web sites and 3,100 information web sites for more than 26,000 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.
Proven and Reliable Global Delivery
“From our patent-pending research technology, to our rigorous ISO-certified processes, and world-class team of tax, legal and regulatory experts around the globe, Rimini Street is committed to helping organizations of all sizes 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. “With more than 75,000 tax, legal and regulatory updates delivered to date, Rimini Street has helped hundreds of clients around the world process billions of U.S. dollars in mission-critical transactions every month with its proven, timely and comprehensive deliverables.”
About Rimini Street, Inc.
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 15 years after switching to Rimini Street. Hundreds of clients, including global, Fortune 500, midmarket, and public sector organizations from across a broad range of 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.
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