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

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

LAS VEGAS, December 12, 2016Rimini Street, Inc., the leading global 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.”

To learn more, follow @riministreet on Twitter and find Rimini Street on Facebook and LinkedIn.

About Rimini Street, Inc.

Rimini Street, Inc. (Nasdaq: RMNI) is a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP software products and a Salesforce partner. The Company offers premium, ultra-responsive and integrated application management and support services that enable enterprise software licensees to save significant costs, free up resources for innovation and achieve better business outcomes. To date, more than 3,500 Fortune 500, Fortune Global 100, midmarket, public sector and other organizations from a broad range of industries have relied on Rimini Street as their trusted application enterprise software products and services provider. To learn more, please visit http://www.riministreet.com, follow @riministreet on Twitter and find Rimini Street on Facebook and LinkedIn.

Forward-Looking Statements

Certain statements included in this communication are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “may,” “should,” “would,” “plan,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “seem,” “seek,” “continue,” “future,” “will,” “expect,” “outlook” or other similar words, phrases or expressions. These statements are subject to a number of risks and uncertainties regarding Rimini Street’s business, and actual results may differ materially. These risks and uncertainties include, but are not limited to, the duration of and economic, operational and financial impacts on Rimini Street’s business of the COVID-19 pandemic, as well as the actions taken by governmental authorities, clients or others in response to the COVID-19 pandemic; catastrophic events that disrupt Rimini Street’s business or that of its current and prospective clients, changes in the business environment in which Rimini Street operates, including inflation and interest rates, and general financial, economic, regulatory and political conditions affecting the industry in which Rimini Street operates; adverse developments in pending litigation or in the government inquiry or any new litigation; Rimini Street’s need and ability to raise additional equity or debt financing on favorable terms and Rimini Street’s ability to generate cash flows from operations to help fund increased investment in Rimini Street’s growth initiatives; the sufficiency of Rimini Street’s cash and cash equivalents to meet its liquidity requirements; the terms and impact of Rimini Street’s outstanding 13.00% Series A Preferred Stock; changes in taxes, laws and regulations; competitive product and pricing activity; difficulties of managing growth profitably; the customer adoption of Rimini Street’s recently introduced products and services, including its Application Management Services (AMS), Rimini Street Advanced Database Security, and services for Salesforce Sales Cloud and Service Cloud products, in addition to other products and services Rimini Street expects to introduce in the near future; the loss of one or more members of Rimini Street’s management team; uncertainty as to the long-term value of Rimini Street’s equity securities; and those risks discussed under the heading “Risk Factors” in Rimini Street’s Quarterly Report on Form 10-Q filed on August 5, 2020 and as updated from time to time by other filings by Rimini Street with the Securities and Exchange Commission. In addition, forward-looking statements provide Rimini Street’s expectations, plans or forecasts of future events and views as of the date of this communication. Rimini Street anticipates that subsequent events and developments will cause Rimini Street’s assessments to change. However, while Rimini Street may elect to update these forward-looking statements at some point in the future, Rimini Street specifically disclaims any obligation to do so, except as required by law. These forward-looking statements should not be relied upon as representing Rimini Street’s assessments as of any date subsequent to the date of this communication.

© 2020 Rimini Street, Inc. All rights reserved. “Rimini Street” is a registered trademark of Rimini Street, Inc. in the United States and other countries, and Rimini Street, the Rimini Street logo, and combinations thereof, and other marks marked by TM are trademarks of Rimini Street, Inc. All other trademarks remain the property of their respective owners, and unless otherwise specified, Rimini Street claims no affiliation, endorsement, or association with any such trademark holder or other companies referenced herein.

Investor Relations Contact
Dean Pohl

Rimini Street, Inc.

+1 925 523-7636 dpohl@riministreet.com
Media Relations Contact
Michelle McGlocklin

Rimini Street, Inc.

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