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Tax codes

If your business is registered for GST (and you've reflected this in your GST settings), you'll use tax codes in MYOB to keep track of the tax you've paid and collected. Each tax code represents a particular type of tax.

MYOB has an extensive list of codes that can be used in a variety of situations—for example, when doing business with overseas customers, when tracking capital acquisitions, and so on.

Tax codes are only available in MYOB if your business is registered for GST. Also note that you can't yet delete existing ones.

You can edit tax codes, create new tax codes (except consolidated tax codes), delete some tax codes, combine some tax codes and assign tax codes to items or accounts.

If you need help with the tax codes applicable to your business, seek advice from your accounting advisor or the ATO.