So finally they did it. Increased the VAT rate to 15% from 1 April 2018. Your calculation will now be based using the tax fraction 15/115. But that’s not all you need to know
https://thevatlady.co.za/STACH/uploads/2018/02/vat-759-1.jpg333620Vongai MumbulaVongai Mumbula2018-02-22 18:10:202018-02-28 18:26:515 Top tips on applying the new VAT rate – effective 1 April