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LAS VEGAS, March 25, 2013 - Rimini Street, Inc., the leading third-party maintenance and support provider for enterprise software, including SAP AG (NYSE:SAP) software and Oracle Corporation's (NASDAQ: ORCL) Siebel, PeopleSoft, JD Edwards, E-Business Suite, Oracle Database and Hyperion software, today announced delivery of its global tax, legal and regulatory updates, including the 2013-B update for PeopleSoft licensees as well as updates affecting SAP and JD Edwards licensees for North American payroll, ahead of the vendor's own scheduled delivery date for similar updates. Rimini Street is delivering updates that include significant new tax, legal and regulatory requirements for the U.S., Canada and the UK. Through an innovative combination of patent-pending tax, legal and regulatory research technology, methodology and ISO-certified quality processes, Rimini Street ensures clients receive the most accurate deliverables with the fastest "legislature-to-live"SM update delivery cycle in the industry.
In the U.S. and Canada, there were numerous tax, legal, and regulatory updates required by the Internal Revenue Service, Revenu Québec, and various state, local and provincial agencies.
At the U.S. federal, state, and local government levels, Rimini Street updates contained withholding tax rate changes, new standard deduction and allowance amounts, Federal Unemployment Tax Act (FUTA) adjustments, taxable gross definition updates and garnishment rule changes for tax jurisdictions across the country. Dozens of local tax updates were also provided for municipalities in Kentucky, Michigan, Ohio, Oregon and Pennsylvania. Quarterly and annual reporting changes, such as support for 2013 W-2c forms and Schedule A of form 940, were also included. For Illinois, enhancements were provided to support new monthly wage reporting requirements. In addition, several payroll withholding and tax filing updates were delivered for the U.S. territories of Puerto Rico and the Virgin Islands.
For clients in Canada, Rimini Street delivered significant updates to support changes to health contribution withholdings affecting all employers in Quebec. Additionally, updates to the implementation of the Harmonized Sales Tax (HST) were included for the provinces of British Columbia and Prince Edward Island.
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.
For example in the United Kingdom, Rimini Street provided numerous 2012 year-end and 2013 start-of-year tax, legal and regulatory updates. These updates included changes to the P14 End of Year Tax Form, P35 Employer Annual Return, as well as new tax rates, taxable bands and National Insurance contributions (NIC) threshold rates and allowances for the new tax year. In addition, Rimini Street continues to support its clients rolling out new Real Time Information (RTI) functionality in time for the April 6 deadline, as required by Her Majesty's Revenue and Customs.
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 patent-pending 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 tax, legal and regulatory team has helped hundreds of clients around the world, from Fortune 500, to global, midmarket and public sector organizations, 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. "Thanks to stringent ISO-certified processes and patent-pending tax, legal and regulatory research technology and methodology, Rimini Street has the proven experience of delivering more than 45,000 critical tax, legal and regulatory updates to more than 70 countries today, with the capability of delivering updates to 200+ countries worldwide."
Rimini Street is the leading third-party 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 annual support fees. Clients can remain on their current software release without any required upgrades or migrations for at least 10 years. Hundreds of 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.
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