Forum Discussion

Cover User

12 months ago

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
12 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

Doreen_P
MYOB Moderator
12 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
  Ultimate User
  12 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
    MYOB Moderator
    12 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