Tax tables update 13/10/2020

jen3
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Tax tables update 13/10/2020

I have just updated myob with latest update for tax tables and the tax amount in myob is incorrect

ie 2560.00 fortnightly should be $518.00 , however in MYOB is reflecting $538.00.  

My version of MYOB says that tax tables as at 13/10/2020.  

Could you please clarify why myob is reflecting the incorrect amount as per Fortnightly tax release 13/10/2020 form nat 1009 as per attached. 

 

Your assistance would be greatly appreciated 

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Tracey_H
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Re: Tax tables update 13/10/2020

Hi @jen3 

 

I can see that you have also posted your question on this thread: Latest tax tables - 2020

 

I have also run a dummy fortnightly pay for $2560 and the PAYG withheld is $518. As per @MBLegADL advice, is there an additional amount withheld for this employee in their card>>Payroll details tab>>Taxes>>Extra tax?

 

Please do let us know how you go with this.

 

If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.

 

Cheers,
Tracey
Previously @bungy15

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jen3
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Re: Tax tables update 13/10/2020

Thankyou i did forget about this additional tax - :-(

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