Income tax - a nice surprise (and Christmas!).

[Crevette]

I pay my tax by monthly installments and it's very nice to find out that in October I will pay only 20% of my usual amount, then pay absolutely nothing in both November and December!

I think the idea is that your estimated tax is spread over 10 months which means that if you underestimate then the "extra" is paid in November and December. As I overestimated then it means that I pay less in October, and nothing in November and December!

Also, I see next years payments have gone down by about 5% - presumably because of the change to tax thresholds.

For people with a "13th month" and who pay monthly, Christmas must really be a time of celebration as they effectivey get two months pay in december and don't pay any tax for this month!

-Rob-