Tax-free threshold update
If I change an employee from tax-free threshold to non tax-free threshold, will this notify the ATO via MYOB, or will I have to manually send in a new tax file declaration with the change?
Forum Discussion
1 Reply
Hi SamMar,
If the employee wants to stop claiming the tax-free threshold, they should give you a completed Withholding declaration, rather than a new tax file number declaration. You don’t need to manually send a new TFN declaration to the ATO. Once you’ve received the updated declaration, change the employee’s tax table in MYOB to the non-tax-free option, which will apply to future pays. You can also check MYOB’s PAYG tax tables guide for the steps.
Regards,
Sai
