Australian PAYG withholding updates for FY 2018

June 28, 2017 by Kasun Amarasinghe

tax-withheld-form

End of financial year is around the corner for Australian businesses, and at Saasu we have already updated our tax tables, including working holiday makers tables for FY 2018 with the latest rates published by the ATO.

Any payroll transactions entered from 1st July 2017 onwards will use the rates from the latest tax tables to calculate withheld amounts. Saasu's built-in pay items for superannuation have also been updated.However if you are using custom pay items for superannuation please make sure you update them manually.

We recently published the latest changes for PAYG Withholding self printing payment summaries as well, if you missed that announcement you can find more details about it here.