How do I set up a new tax code in MYOB?
If you are a business owner or accountant, you may need to set up a new tax code in MYOB in order to accurately track and report your business's taxes. This is especially important if you are dealing with multiple tax jurisdictions or if you need to set up a new tax rate for a specific type of transaction. Knowing how to set up a new tax code in MYOB can help you ensure that your business is compliant with all applicable tax laws and regulations.
Grace Everwood
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11 steps
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21 seconds
Myob
1
Go to [https://www.myob.com/](https://www.myob.com/)
2
Click the “Company” tab at the top of the page.
3
Click “Cards” in the left-hand menu.
4
Click “Tax” in the left-hand menu.
5
Click the “New” button.
6
Enter the name of the tax code in the “Name” field.
7
Enter the tax rate in the “Tax Rate” field.
8
Select the applicable tax type from the “Tax Type” drop-down menu.
9
Select the applicable tax period from the “Tax Period” drop-down menu.
10
Select the applicable tax calculation method from the “Tax Calculation Method” drop-down menu.
11
Click the “OK” button.