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KylieD1799's avatar
KylieD1799
Cover User
10 months ago

Use of Tax File Number 111111111

If an employee is waiting for their TFN & has submitted their Tax File Declaration, I understand you can use TFN # 111111111. In Myob Account Right, what option do I select in the box underneath tha...
  • gavin12345's avatar
    gavin12345
    10 months ago

    Hi KylieD1799 

     

    Or you could look at the TFN Declaration the new employee completed. In addition to providing the TFN, the purpose of the TFN Declaration is for the employer to be able to determine which tax table to use. Resident, non-resident, claiming Tax free threshold, not claiming, has a student loan, does not have etc. 

     

    If the employee is claiming the tax free threshold, then the most likely tax table is Tax Free Threshold. 

     

    Regards

    Gavin

gavin12345's avatar
gavin12345
Ultimate User

Hi KylieD1799 

 

Or you could look at the TFN Declaration the new employee completed. In addition to providing the TFN, the purpose of the TFN Declaration is for the employer to be able to determine which tax table to use. Resident, non-resident, claiming Tax free threshold, not claiming, has a student loan, does not have etc. 

 

If the employee is claiming the tax free threshold, then the most likely tax table is Tax Free Threshold. 

 

Regards

Gavin

Princess_R's avatar
Princess_R
MYOB Moderator
10 months ago

Hi gavin12345,

 

Thank you for sharing this valuable insight regarding the tax file declaration. We appreciate your clarification on the purpose of the TFN Declaration and how it helps employers determine the appropriate tax table to use based on various factors such as residency, claiming the tax-free threshold, student loans, and other considerations.

 

Once again, thank you for your support!

 

We welcome and encourage you to share your valuable insights, as it would greatly benefit other members of the community.

 

Cheers,

Princess

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