Forum Discussion

WMack's avatar
WMack
Experienced User
5 months ago

New Tax Table from July 1, 2024

Hello,   When should we receive the update for the above?
  • Princess_R's avatar
    Princess_R
    5 months ago

    Hi WMack

     

    Thanks for asking about the new tax table update! Usually, PAYG tax tables update automatically if your payment date is July 1, 2024. While the tax rate changes will kick in on the date of payment, which is July 31, 2024, or later. For more info, you can check out these articles:

    Feel free to get in touch if you need more help.

     

    Cheers,

    Princess

gavin12345's avatar
gavin12345
Ultimate User
5 months ago

Hi WMack 

These are the correct 1 July 2024 rates, so it is a mystery why MYOB would still be using the old rates. Check the Employee Cards > Payroll Details > Taxes tab to ensure the correct tax table is selected and there are no rebates, extra taxes etc.

 

If that is all good, and MYOB is still giving you the wrong PAYG calc, attach a screenshot of the Payscreen for an affected employee - blur or hide person details.

 

Regards

Gavin

 

 

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