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Taxation Codes for payroll annual bonus payments

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Enza-Suem
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Taxation Codes for payroll annual bonus payments

How does one charge the 39% PAYE rate on Annual Bonus payment, for those earning over $180,000 p.a., as the extra payment codes in MYOB Payroll only seem to go up to SA for income between $136,545 and $180,000?

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Yanike_S
MYOB Moderator
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MYOB Moderator
MYOB Moderator

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Re: Taxation Codes for payroll annual bonus payments

Hi @Enza-Suem 

 

Thanks for your post. We tested this in the software and it does do the 39% tax rates. It uses the SA code as per the IRD.

 

If this doesn't appear for you, could you please upload a screenshot?

Kind regards,
Yanike

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