Save your tax?

Closed Thread
  1. #1

    Join Date
    May 2007
    Posts
    86

    Save your tax?

    Just wondering re the general consensus of saving for the annual joy of the tax bill.

    I'm half tempted not to save the monthly amount and just pay it out of my bonus (work for an IB)

    What month is the tax payment due ? Get my bonus in Feb

    Thks


  2. #2

    Join Date
    Jun 2005
    Location
    Hong Kong
    Posts
    23,205

    75% in January, 25% in April.


  3. #3

    Join Date
    Aug 2007
    Location
    Hong Kong
    Posts
    166

    How acurate is the tax calculator on the IRD website? Seems that the amount they give me is too low. Can anyone confirm that it actually works based on previous years?


  4. #4

    Join Date
    Apr 2003
    Posts
    12,383

    chicagolife : Pretty accurate if you've put the right numbers in.