Rimini Street Delivers Initial Global Tax, Legal and Regulatory Updates for 2017

LAS VEGAS--(BUSINESS WIRE)--

Rimini Street, Inc., the leading global independent provider of enterprise software support services for SAP SE's SAP Business Suite, BusinessObjects and HANA Database software and Oracle Corporation's 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 delivery of the first set of global tax, legal and regulatory updates for the new year. The updates include the 2017-A 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, the Company delivered global updates affecting SAP and Oracle E-Business Suite clients with operations throughout the United States and Canada, as well as Australia, Brazil, Columbia, Hungary, Indonesia, Ireland, Japan, Mexico, Norway, Papua New Guinea, Romania, Singapore and the United Kingdom. Rimini Street provides accurate, high-quality deliverables and has issued more than 125,000 tax, legal and regulatory updates to clients to date 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 processing and reporting updates, including tax, reporting and filing changes required by the Internal Revenue Service and the Canada Revenue Agency, as well as federal, state, local and territory governments. At the U.S. federal government level, Rimini Street delivered updates related to IRS 1099 Forms and the Patient Protection and Affordable Care Act (PPACA). Rimini Street also delivered an individual update to address IRS Notice 1036, which included withholding table changes effective January 1, 2017.

At the state, local and territory government levels, Rimini Street's updates contained various standard deductions, exemption amounts and tax rate changes for many states, including California, Indiana, Kentucky, Minnesota, New Jersey, New Mexico, New York, Oklahoma and Rhode Island. Minimum wage changes were also included for Alaska, Arizona, Colorado, Maine, Missouri and Washington. Additional Unemployment Insurance Taxable Wage Base changes were included for Alaska, Hawaii, Idaho, Minnesota, North Carolina, North Dakota, Oregon, Rhode Island, Utah and Vermont. Several state updates also included new Federal Unemployment Tax Act (FUTA) Credit Reduction rates. At the local level, dozens of tax updates were provided for municipalities in Indiana, Kentucky, Ohio, Oregon and Pennsylvania.

For clients in Canada, Rimini Street delivered year-end reporting changes, including support for T4, T4A, RL-1 and RL-2 slips and electronic filing.

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 Australia, Brazil, Columbia, Hungary, Indonesia, Ireland, Japan, Mexico, Norway, Papua New Guinea, Romania, Singapore and the United Kingdom.

The following updates have been delivered to clients:

• For Australia, updates to the Protected Earnings Amount (PEA) and also taxation of working holiday makers and temporary foreign workers, effective January 1, 2017.
• For Brazil, changes to the Electronic Manifest of Fiscal Documents (MDF-e).
• For Columbia, updates to the 2017 Tax Value Unit (UVT).
• For Hungary, updates to VAT invoice and the threshold for recapitulative statement reporting.
• For Indonesia, changes to the minimum wage for the province of Jakarta, effective January 1, 2017.
• For Ireland, changes include updates to tax rates and bands, the Universal Social Charge (USC) and PRSI rates and bands, as well as changes to Forms P35, P35L and P35LT, effective January 1, 2017.
• For Japan, withholding slip reporting and 2017 withholding tax table updates.
• For Mexico, changes to electronic payroll receipts and updates to XSD and Catalog of Complements. Also included updates related to the Daily Minimum Wage increase and required Anti-Money Laundering Law reporting regarding outsourcing.
• For Norway, included the new VAT return form RF-0002 for 2017.
• For Papua New Guinea, changes delivered were related to the Foreign Contractor Withholding Tax (FCWT) rate, implementation of the OECD Country-by-Country reporting standards and the increase to the taxable component of employer-provided housing benefits.
• For Romania, included the reduction of the standard VAT rate for 2017.
• For Singapore, changes to the technical specification for filings as required by the Inland Revenue Authority of Singapore (IRAS).
• For the United Kingdom, updates to income tax rates and threshold annual budget increases, changes to form P60 for 2016-2017, the addition of National Insurance numbers with "KC" prefix, increase to the Company Car and Van Fuel Benefits, and Statutory Payments Annual Budget, effective April 6, 2017.

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 3,000 government web sites and close to 3,400 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.

"For over a decade, hundreds of organizations have been able to get a head-start on compliance changes and updates associated with the New Year with the help of Rimini Street's dedicated tax, legal and regulatory team, who leverage patent-pending research technology and ISO-certified development processes to provide comprehensive and accurate deliverables," said Paul Henville, group vice president, Global Product Delivery, Rimini Street. "Rimini Street has now delivered more than 125,000 mission-critical tax, legal and regulatory updates to Oracle and SAP clients all around the world since 2005, and continues its commitment to helping clients comply with ever-changing tax, legal and regulatory requirements."

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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 1,750 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.

Rimini Street and the Rimini Street logo are trademarks of Rimini Street, Inc. All other company and product names may be trademarks of their respective owners. Copyright © 2017. All rights reserved.

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