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BronwynHamster's avatar
BronwynHamster
Trusted Cover User
1 month ago
Solved

Working Holiday Makers

Hi, one of my Clients is a registered employer of Working Holiday Makers. The employee has surpassed the $45,000 threshold to be taxed at 15%. How do we change in MYOB to be taxed at 30%. Is it simpl...
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  • Genreve_S's avatar
    Genreve_S
    1 month ago

    Hi BronwynHamster, 

     

    That's a good question. Yes, if the ATO has told you that the person should be taxed at a flat 30%, you’d set that up using the Withholding variation tax table:

    1. Open the employee card.
    2. Go to Payroll Details > Taxes.
    3. Change the Tax table to Withholding variation.
    4. In Withholding variation rate, enter 30 and save.

    Just make sure you’re only doing this where you’ve got an ATO variation or advice from their tax agent, as it overrides the normal PAYG tables.

     

    Regards,
    Genreve 

BronwynHamster's avatar
BronwynHamster
Trusted Cover User
4 days ago

Hi,

On the payroll details taxes tab please ensure you have selected the three fields as shown in the attached screen shot. If you aren't registered as an employer of WHM then the tax rate is higher than 15%. If you choose registered the tax rate should be 15%.

LDOG's avatar
LDOG
Experienced User
4 days ago

Hi Bronwyn

 

Thats exactly how this employee has been setup.

 

The first pay was a Gross of $217 - no tax taken, his second pay was a Gross of $546.82 and only $34 deducted, that's why I am thinking our loaded tax tables are incorrect?

  • BronwynHamster's avatar
    BronwynHamster
    Trusted Cover User
    4 days ago

    Hi,

    Easily checked by choosing Pay Categories, Taxes, PAYG Withholding then drill down to Working Holiday Maker - registered. Screenshot attached.

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