Hi All, We have a new employee commenced in NZ in the Month of August. According to employees Tax Code the Tax taken up by MYOB is incorrect. Does the Tax Table is uploaded to MYOB Business Pro automatically? Because tax is not calculated correctly by MYOB business Pro for NZ Payroll in this case.
Please share your experiences & solutions. Thank You
Hey Ndahiya,
Tax tables are automatically updated from July 31 onwards. Since your employee commenced in August, their tax tables should be correct based on how they were set up. We recommend double-checking the tax setup in MYOB Business Pro and benchmarking it with the IRD website. You can also use the PAYE calculator to verify the calculations:
Tax Changes: IRD Tax Changes
PAYE Calculator: IRD PAYE Calculator
Best regards,
Doreen
Hi Doreen - thank you for replying. There are 2 issues here Tax not calculated correctly by MYOB Business Pro (this is will check from employee as advised) PAYE Inland revenue payment are not reconconciled as IR has not added Kiwisaver Employee & Employer payment plus ESCT. IR has just included PAYE amount not Kiwisaver & ESCT amount. Due to which IR amount is incorrect & NZ journals are not balancing. Please advise how to resolve this issue. Thanks
Hi there Ndahiya,
If you're still having issues with tax not being calculated correctly, you can reach out to our support team directly via our virtual assistant MOCA or by submitting a support case via My Account. They'll be able to assist you further and ensure everything is set up correctly.
Best regards,
Doreen
