Hi All, I have South African clients. In South Africa VAT (sales tax) is 14%.
So to calculate the vat amount you could use: vat = gross * 14 / 114 The South African Revenue Service is stating we can no longer use this. Instead we must use exactly 0.12280 (14 / 114 rounded to 5 decimal places) So: vat = gross * 0.12280 Has anyone ever seen something like this before? -- Paul _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://mail.leafe.com/mailman/listinfo/profox OT-free version of this list: http://mail.leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/CADwx0+KwWg0Ey0yp1eQS_-fOq+GyCSVnT_=6uoj6tcmgy_n...@mail.gmail.com ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
