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New Tax Rates 31 July - NZ desktop payroll

Bullswool

With the announcement of new income tax rates starting soon, can I assume that MYOB will released a mid-year update for the new tax rates?

(i've never actioned a mid-year NZ tax change previosuly).

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Bullswool

https://enterprise-support.myob.com/suppr/myob-payroll-2024-2-july-2024

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Bullswool

https://enterprise-support.myob.com/suppr/myob-payroll-2024-2-july-2024

Bullswool

Hi @Shella_A

When will the desktop MYOB Payroll update be released?

Bullswool

Brilliant, thank you @jenniek

jenniek

Hi @Bullswool and @KaliPPS,

I have heard from MYOB today today there will be an update in Mid July to update for new tax tables and any other changes required.

Bullswool

Nope

KaliPPS

Hi @Bullswool

Did you receive a response to this? I too would like to know and am also using NZ Desktop payroll version 2024.1.

jenniek

Hi @Bullswool - I would assume there will be an update coming out for the desktop version as well. I haven't heard any different - and they have to update it.

Bullswool

@Shella_AI'm not using the system you linked.....

I'm using NZ desktop payroll version 2024.1

Shella_A

Hi @Bullswool

I know how important it is to have the tax tables updated. Gladly, MYOB tax tables will be automatically updated once the new income tax rates are released. See this helpful article about PAYG tax tables for detailed updates. Feel free to start a new post if you have any other queries. We're here to help.

Kind regards,

Shella

mike158

Yes, you can assume that MYOB will release a mid-year update to incorporate the new income tax rates. They typically provide updates to ensure compliance with current tax regulations. Receiptify