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KylieD1799's avatar
KylieD1799
Cover User
7 months ago
Solved

Use of Tax File Number 111111111

If an employee is waiting for their TFN & has submitted their Tax File Declaration, I understand you can use TFN # 111111111.

In Myob Account Right, what option do I select in the box underneath that titled "Tax Table".

  • gavin12345's avatar
    gavin12345
    6 months ago

    Hi KylieD1799 

     

    Or you could look at the TFN Declaration the new employee completed. In addition to providing the TFN, the purpose of the TFN Declaration is for the employer to be able to determine which tax table to use. Resident, non-resident, claiming Tax free threshold, not claiming, has a student loan, does not have etc. 

     

    If the employee is claiming the tax free threshold, then the most likely tax table is Tax Free Threshold. 

     

    Regards

    Gavin

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  • Doreen_P's avatar
    Doreen_P
    MYOB Moderator
    7 months ago

    Hi, KylieD1799

     

    Thanks for your post.

     

    When selecting which tax table to use, we highly recommend speaking with your accountant, as they can provide you with more information regarding your concern.

     

    Should you require additional assistance, please do not hesitate to contact us. Feel free to start a new post in the future.

     

    Best regards,

    Doreen

    • gavin12345's avatar
      gavin12345
      Ultimate User
      6 months ago

      Hi KylieD1799 

       

      Or you could look at the TFN Declaration the new employee completed. In addition to providing the TFN, the purpose of the TFN Declaration is for the employer to be able to determine which tax table to use. Resident, non-resident, claiming Tax free threshold, not claiming, has a student loan, does not have etc. 

       

      If the employee is claiming the tax free threshold, then the most likely tax table is Tax Free Threshold. 

       

      Regards

      Gavin

      • Princess_R's avatar
        Princess_R
        MYOB Moderator
        6 months ago

        Hi gavin12345,

         

        Thank you for sharing this valuable insight regarding the tax file declaration. We appreciate your clarification on the purpose of the TFN Declaration and how it helps employers determine the appropriate tax table to use based on various factors such as residency, claiming the tax-free threshold, student loans, and other considerations.

         

        Once again, thank you for your support!

         

        We welcome and encourage you to share your valuable insights, as it would greatly benefit other members of the community.

         

        Cheers,

        Princess