Forum Discussion

JadeX01's avatar
JadeX01
User
4 years ago
Solved

Budget Tax Updates

Hi Team,   We are aware that ATO is applying updated tax table to calculate the individual tax withheld. but MYOB's tax table has not been updated. Could you please let us know when the new tax tab...
  • Melisa_D's avatar
    Melisa_D
    4 years ago

    Hi JadeX01, 

     

    Thanks for your post. Our team are working on this and they expect to have an update available for these changes before the 16th November 2020 deadline. More information and updates will be available on the following post - Tax Table Update - Oct 2020. 

     

    Please do let us know if you have any further questions. 

JadeX01's avatar
JadeX01
User

Hi Melisa_D ,

 

It looks like that ATO has applied updated tax table on and from 13 Oct 20, see link https://www.ato.gov.au/Rates/Tax-tables/

 

With updating tax table, it would affect us a lot. Would you be able to provide a timeframe that when we can expect MYOB release an update?

 

Thanks,

Melisa_D's avatar
Melisa_D
Former Staff
4 years ago

Hi JadeX01, 

 

Thanks for your post. Our team are working on this and they expect to have an update available for these changes before the 16th November 2020 deadline. More information and updates will be available on the following post - Tax Table Update - Oct 2020. 

 

Please do let us know if you have any further questions.