Second installment of tax paid
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The second and final installment of my tax bill for 2007/8 is due on Friday. As I may struggle to get near the IRD office later in the week, I made the payment today. Since I have fully provided for the payment by way of accruals in my balance sheet it will only impact my cash position not my net worth calculation.
Even with the tax rate at 16%, it still hurts to see such a large amount of money go out at one go.
Even with the tax rate at 16%, it still hurts to see such a large amount of money go out at one go.
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