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

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