Fellows, any idea when income tax will be charged - weekly? monthly?
I am billed almost every week except few - the tax authority forgot to mail it out?! Thanks
Every 2 weeks I guess. And if you want to keep your taxes down.. spend all your income on planes before the week ends. This eliminates taxation 8)
I don't think it is every two weeks I paid week 20, 21, nothing week 22 and am paying taxes week 23.
Every week, based on income on previous week.
Sami,
Are taxes based on profit, as in money in the bank, or profit period---as in it doesn't matter if I spend it on planes before the end of the week?
Thanks!
They are based on profit from what I can see.
Also, you are not really PAYING taxes until end of year. Your company is simply withholding taxes so you dont get nailed at the end of the year.