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      <blockquote>
        <div class="ho_OverviewHeading"><a name="849539">Tax Code Information window</a>—No ABN/TFN Tax Type view</div>
        <div class="b_Body"><a name="849540">This window allows you to set up codes for all tax rates assigned to sales, purchases and other transactions you </a>enter in your MYOB software. After you set up these codes, you'll be able to select them from search lists in transaction entry windows.</div>
        <div class="b_Body"><a name="849541">This view of the </a><span class="w_Widgets">Tax Code Information</span> window allows you to set up codes that are a PAYG Withholding tax type and will always be rounded <span style="font-style: italic;">down</span> to the nearest dollar. You should use a No ABN/TFN tax code of 48.5% where suppliers have not quoted an ABN on their invoice (over $50 tax exclusive), or where amounts are withheld from investment income because no tax file number was quoted. If both these situations apply to your company, you will need to create two tax codes to handle the situations separately.</div>
        <div class="b_Body"><a name="849545">After you set up tax codes in this window, you'll be able to select them from search lists in transaction entry </a>windows.</div>
        <div class="hp_ProcedureHeading" onclick="WebWorks_ToggleDIV(WebWorksRootPath, &quot;wwdd849546&quot;);">
          <span class="N_007eProcBullet"></span><a name="849546">Field Descriptions</a><script type="text/javascript" language="JavaScript1.2">WebWorks_WriteArrow(WebWorksRootPath, "wwdd849546", false);</script></div>
        <script type="text/javascript" language="JavaScript1.2">WebWorks_WriteDIVOpen("wwdd849546", false);</script>
        <div class="hps_ProcedureSubheading"><a name="849547">Tax Code</a></div>
        <div class="b_Body"><a name="849548">Use up to three characters to enter a code for the tax record you're creating. </a></div>
        <div class="b_Body"><a name="849549">Each time you enter a transaction in the </a><span class="w_Widgets">Sales</span> or <span class="w_Widgets">Purchases</span> window, you'll be able use this tax code to assign this tax to the transaction you're creating.</div>
        <div class="hps_ProcedureSubheading"><a name="849550">Description</a></div>
        <div class="b_Body"><a name="849551">Enter a description for the tax code you've entered. We recommend that your description be short and easy to </a>remember.</div>
        <div class="hps_ProcedureSubheading"><a name="849555">Tax Type</a></div>
        <div class="b_Body"><a name="849562">Select the tax type that applies to the tax code you're creating.</a></div>
        <div class="hps_ProcedureSubheading"><a name="849563">Rate</a></div>
        <div class="b_Body"><a name="849564">Enter the percentage of tax that is associated with the tax code you're creating.</a></div>
        <div class="hps_ProcedureSubheading"><a name="849565">Account for Withholding Credits</a></div>
        <div class="b_Body"><a name="849566">Enter or select the account you want to use to track the withholdings calculated for this tax code. This account </a>typically is an asset account. Click the zoom arrow next to the field name to open the <span class="w_Widgets">Edit Accounts</span> window and make changes to the account.</div>
        <div class="hps_ProcedureSubheading"><a name="849567">Account for Withholdings Payable</a></div>
        <div class="b_Body"><a name="849568">Enter or select the account you want to use to track the payables calculated for this tax code. This account </a>typically is a liability account. Click the zoom arrow next to the field name to open the <span class="w_Widgets">Edit Accounts</span> window and make changes to the account.</div>
        <div class="hps_ProcedureSubheading"><a name="849569">Linked Card for Tax Authority</a></div>
        <div class="b_Body"><a name="849573">If you’ve set up a supplier card for the Australian Taxation Office, enter or select that card.</a></div>
        <div class="hps_ProcedureSubheading"><a name="849574">New</a></div>
        <div class="b_Body"><a name="849575">Click to open a new </a><span class="w_Widgets">Tax Code Information</span> window and create a new tax code.</div>
        <div class="hps_ProcedureSubheading"><a name="849576">OK</a></div>
        <div class="b_Body"><a name="849578">Click to accept the entries you’ve made in this window.</a></div>
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        <div class="Sample_heading"><a href="1011100c-03.htm#849590" name="849582">Tips for this window</a></div>
        <div class="href_ReferenceBlockHeading"><a name="849583">Related topics</a></div>
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                  <span style="color: Gray;">■</span>
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                <div class="bbi_BulletedIndented_inner"><a href="lists.12.4.htm#1087269" name="849587">Setting up tax codes</a></div>
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