Forum Discussion

harper23's avatar
harper23
Trusted User
4 days ago

NZ payroll tax updates too early

Hi seems the NZ tax changes happening from 31st July are already loaded onto payroll. I am doing pays today ending 30th July and the tax rates have changed. We cannot pay the new rates yet. How do I ...
MYOB Business
  • jenniek's avatar
    jenniek
    3 days ago

    Hi harper23 is this MYOB Business Payroll? Was your payment date 31st July? If so, then the new tax rates do apply for all payment dates from 31st July - regardless of weekend ending date. So it may have been correct.

harper23's avatar
harper23
Trusted User
4 days ago

I would have thought it would apply to pays from 31st not being paid on 31st as now my staff will get a bonus week of tax reduction.