18th September, 2018
The tax system is changing to make it simpler and faster for businesses to meet their tax obligations.
The New Zealand government recently passed a bill that requires all employers to file employment information to the Inland Revenue (IR) on a payday basis, instead of monthly.
For employers that make over $50,000 in PAYE/ESCT deductions a year, you will be required to file this information electronically.
Payday filing is currently voluntary and becomes mandatory from April 2019.
We’ve got you covered
MYOB is working closely with IR to build the payday filing feature into all MYOB payroll products to enable you to stay compliant. We expect to have this functionality available for early release soon for customers who wish to voluntarily opt-in before it is mandatory. We will be in touch with all existing customers with payday filing updates.
Is your current payroll system fit for purpose?
Now is a good time to consider if moving online is right for you.
MYOB Essentials already has the ability to automate your PAYE reporting and payments each payday and it’s all built into your subscription. Alternatively, ensure you have a current support agreement to be the first to receive the compliance release.
Get ready for payday filing
Call us on 0800 60 69 62 to make sure you’re on right product for your needs. We’re here to help.