GST Change 1-Oct-2010 

(Posted 2-Sep-2010)
iPayroll has been updated for GST rate change coming into effect from 1 October 2010.

We have upgraded the iPayroll web site to correctly calculate GST from 1 October 2010 at 15%. This only affects GST payments to contractors where the GST transaction is used. The rate change applies from the first 'Pay To' or period ending date that ends on or after 1 October 2010. When you process a payroll with GST transactions, the correct GST rate is automatically applied.

  • ’Pay To’ date prior to 1-Oct-2010 calculates GST at 12.5% of Taxable Earnings.
  • ’Pay To’ date on or after 1-Oct-2010 calculates GST at 15% of Taxable Earnings.
  • The contractors Payment Remittance or Tax Invoice shows the rate applied e.g. ‘GST (12.5%)’ or ‘GST (15.0%)’.

iPayroll Tax Invoice: GST on processing fees also increases to 15% from invoice date 1-Oct-2010.