Forum Discussion

WMack's avatar
WMack
Experienced User
13 days ago
Solved

New Tax Table from July 1, 2024

Hello,

 

When should we receive the update for the above?

  • Hi WMack

     

    Thanks for asking about the new tax table update! Usually, PAYG tax tables update automatically if your payment date is July 1, 2024. While the tax rate changes will kick in on the date of payment, which is July 31, 2024, or later. For more info, you can check out these articles:

    Feel free to get in touch if you need more help.

     

    Cheers,

    Princess

3 Replies

  • Cazza419's avatar
    Cazza419
    Contributing User

    Hi Princess,

     

    My tax table revision date is showing 1/7/2024 but the tax table has not updated?

    Ho can I fix this please?

    • Princess_R's avatar
      Princess_R
      MYOB Moderator

      Hi Cazza419,

       

      Thanks for reaching out! Once the date of payment in the pay run is July 1, 2024, or later, the newest tax tables will automatically apply. This means there's nothing you need to do to update the tax table. If your tax table revision date is showing as 1/7/2024 but the tax table has not updated, it's possible that you haven't processed a pay run for the payroll year yet. If you've already processed a pay run and the tax table is still not updating, please don't hesitate to reach out. 

       

      Cheers,

      Princess

  • Princess_R's avatar
    Princess_R
    MYOB Moderator

    Hi WMack

     

    Thanks for asking about the new tax table update! Usually, PAYG tax tables update automatically if your payment date is July 1, 2024. While the tax rate changes will kick in on the date of payment, which is July 31, 2024, or later. For more info, you can check out these articles:

    Feel free to get in touch if you need more help.

     

    Cheers,

    Princess