IRD focus on refunds and under-paid tax

IRD focus on refunds and under-paid tax

The IRD may have been in contact with some of your employees regarding PAYE under-payment, or to provide a tax refund if too much has been paid.

From 2019 onward, the IRD has introduced a new system to automate the tax refund process. In many cases this replaces the need to file individual tax returns. Because of this system update, the IRD may have been in contact with some of your employees regarding under or over payment. MYOB Exo Payroll calculates tax in accordance with the IRD’s specifications, but there could still be a difference between IRD’s PAYE figure and Exo Payroll’s deductions.

Please click here to view an article explaining where differences might arise and to learn more about the tax refunds and under-paid tax. If you have any questions, you may find the answers you need on the MYOB Exo Employer Services Support page, or contact us here.

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More Information

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