How ESCT is calculated (NZ)
According to Inland Revenue (IR), ESCT is calculated on each whole dollar of your employer contribution. If you manually calculate ESCT rates but don't round them to the nearest whole dollar, they might be different to the ESCT amounts in MYOB Acumatica.
For more ESCT help
- See how to deduct ESCT from each employer contribution on the IR website.
- Learn about MYOB Acumatica's payroll reports in our online help.