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Rimini Street Delivers 2015 Year-End Tax, Legal and Regulatory Updates for North America, Plus Global Updates for Countries in Asia-Pacific, EMEA and Latin America

Updates delivered to many countries around the world, including Austria, Brazil, China, the Czech Republic, Hong Kong, India, Italy, Japan, Norway, Romania, Ukraine and the UK

LAS VEGAS – November 10, 2015 – Rimini Street, Inc., the leading independent provider of enterprise software support services for SAP SE’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, Oracle Retail and Oracle Agile PLM software, today announced delivery of its PeopleSoft 2015 year-end tax, legal and regulatory updates, 2015-E for the US and Canada, as well as global updates for many countries. The updates were delivered ahead of the vendor’s own scheduled delivery date for similar updates by applying Rimini Street’s patent-pending tax, legal and regulatory research technology, proven methodology and ISO 9001-certified development processes. SAP, JD Edwards and Oracle E-Business Suite clients, as well as clients with operations in more than a dozen countries across Asia-Pacific, EMEA and Latin America received significant new tax, legal and regulatory changes from Rimini Street that were required to ensure compliance with the growing number of legislative changes around the world.

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, many of which become effective January 1, 2016. At the U.S. federal government level, Rimini Street updates included additional support for 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 dozens of states, as well as minimum wage increases for Arkansas, Connecticut, Hawaii, Michigan, New York, Rhode Island and South Dakota. Rimini Street also provided garnishment rules and quarterly electronic filing changes for several states, and local tax updates for municipalities in California, Indiana, Kentucky, Ohio, Pennsylvania and West Virginia.

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, 2016, the updates also included changes for the Canada Pension Plan (CPP), Record of Employment (ROE), Québec Parental Insurance Plan (QPIP), Employment Insurance (EI), and Workers’ Compensation Board (WCB) limits.

Updates for Many Countries in Asia-Pacific, EMEA and Latin America

With tax, legal and regulatory delivery capabilities for nearly 200 countries, Rimini Street recently provided many required updates to its global clients, including those in Austria, Brazil, China, the Czech Republic, Hong Kong, India, Italy, Japan, Norway, Romania, Ukraine and the United Kingdom.

For example, Rimini Street updates contained changes to VAT rates for Austria, Romania and the Ukraine, effective January 2016, and proposed changes to VAT rates for Italy are being monitored. In Brazil, Rimini Street delivered multiple updates to clients to support 2016 SPED (Public System of Digital Accounting) adjustments to Block K and Nota Fiscal Electronic requirements. The update in China included notification of various changes to minimum wage rates and contribution rates. In the Czech Republic, updates included the new VAT control statement, effective January 2016. For Hong Kong, Rimini Street updates included minimum wages and child allowance changes. The update for India included changes to form 24Q, the quarterly income tax deduction statement, as well as updates to Labour Welfare Fund Contribution rates. For Japan, Rimini Street provided multiple updates to support the implementation of My Number and Corporate Number. In Norway, notification of the new Norwegian Accounting Standard (NRS) release effective January 2016 was included. In the United Kingdom, Rimini Street delivered several updates, including changes to Student Loan thresholds and P60 forms effective April 2016, as well as updates to Voluntary Payroll Benefits and the Transferrable Allowance Calculation.

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 2,500 government web sites and close to 3,300 information sources covering 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, 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, a 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 payroll teams navigate year-end complexities and updates in order to successfully close out 2015 and prepare for 2016, Rimini Street’s dedicated team of tax, legal and regulatory professionals continue to be on point to deliver the most robust, comprehensive and accurate deliverables to our family of Oracle and SAP clients around the world,” said Paul Henville, group vice president, Global Product Delivery, Rimini Street. “Our clients rely on us to help them successfully complete billions of dollars in mission-critical transactions every month, and they can rest assured knowing that Rimini Street has delivered over 100,000 global tax, legal and regulatory updates to clients since 2005 using our patent-pending research technology, a proven methodology and ISO-certified development processes.”

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

關於Rimini Street, Inc.

Rimini Street, Inc. (Nasdaq: RMNI)是全球領先的企業軟體產品和服務提供者、甲骨文和SAP軟體產品協力廠商支援服務的主要供應商以及Salesforce合作夥伴。公司致力於提供優質、超快回應和整合式應用程式管理和支援服務,能夠讓企業軟體授權使用者節省大量的成本,釋放資源用於創新,並實現更好的業績。來自各行各業的近2,100家全球性組織、財星500大企業、財星全球百大公司、中型企業、公共事業部門和其他機構都選擇Rimini Street作為其信賴的應用企業軟體產品和服務提供者。如需詳情,請造訪https://www.riministreet.com,在Twitter上@riministreet關注我們,並透過FacebookLinkedIn掌握Rimini Street的最新動態。

前瞻性陳述

本新聞稿中的某些聲明並非是歷史事實,而是《1995年私人證券訴訟改革法》安全港條款所定義的前瞻性陳述。前瞻性陳述通常含有以下詞彙:「可能」、「應」、「會」、「計畫」、「打算」、「預期」、「認為」、「估計」、「預測」、「潛在」、「似乎」、「尋求」、「繼續」、「未來」、「將」、「預計」、「展望」或其他類似詞彙、片語或表述。這些前瞻性陳述包括但不限於我們對未來事件、未來機會、全球擴張及其他成長動議和我們關於此等動議投資的預期的陳述。這些陳述根據不同的假設以及管理階層當前的預期,並非是對實際業績的預測,也不是歷史事實。這些陳述取決於與Rimini Street業務有關的多個風險和不確定性因素,而且實際結果可能會發生重大變化。這些風險和不確定性因素包括但不限於:COVID-19疫情的不明確持續時間和疫情對公司業務的經濟、營運和財務影響,以及政府當局、客戶或其他方面為防範COVID-19疫情所採取的措施;擾亂公司、公司現有或潛在客戶業務的災難性事件;Rimini Street營運業務環境的變化,包括通膨和利率以及影響Rimini Street所在產業的一般性金融、經濟、監管和政治條件;待決訴訟或政府調查或任何新訴訟的不利進展;以有利條款募集額外股本或進行債務融資的需要和能力,以及我們能否從營運中產生現金流,以幫助為我們成長計畫中增加的投資提供資金;我們的現金和現金等價物是否足以滿足我們的流動性要求;我們發行在外的13.00% A輪優先股的條款和影響;稅收、政府法律和法規的變化;競爭產品和定價活動;無法實現獲利性成長;客戶採用最近推出產品和服務的情況,包括 Application Management Services (AMS)、Rimini Street Advanced Database Security以及針對Salesforce Sales Cloud和Service Cloud 產品的服務以及我們預計將於近期推出的其他產品和服務;Rimini Street管理團隊損失一名或多名成員;RMNI股本證券長期價值存在不確定性;以及Rimini Street將於2020年5月7日呈報的Form 10-Q季報所列標題「風險因素」項下所討論的內容,Rimini Street未來的Form 10-K年報、Form 10-Q季報和Form 8-K現狀報告不時對此等內容的更新以及公司向美國證券交易委員會提交的其他文件。此外,前瞻性陳述僅代表本新聞稿發布之日Rimini Street的預期、計畫或對未來事件的預測和觀點。Rimini Street預計後續事件和發展將導致Rimini Street的評估發生變化。然而,儘管Rimini Street可能會在未來某個時間點選擇更新這些前瞻性陳述,但Rimini Street特別聲明,除法律規定之外,公司沒有這方面義務。這些前瞻性陳述不應被看作代表Rimini Street在本新聞稿發布之日後任何日期的觀點。

 

© 2020 Rimini Street, Inc.版權所有。Rimini Street是Rimini Street, Inc.在美國和其他國家的註冊商標,Rimini Street、Rimini Street標誌和兩者之間的任意組合以及其他含有TM標記的標誌均為Rimini Street, Inc.的商標。所有其他商標仍是其各自所有者的財產。除非另行說明,Rimini Street與此類商標所有者或本新聞稿中所提到的其他公司沒有任何從屬、代言或結盟關係。

投資人關係連絡窗口:

Dean Pohl

Rimini Street, Inc.

+1 925 523-7636 dpohl@riministreet.com
媒體關係連絡窗口:

Michelle McGlocklin

Rimini Street, Inc.

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