VAT daffuq?

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  • Notice: Undefined variable: GuestHourOffset in /home/nitrogen/public_html_mgsatest/forums/themes/mgsa/class.mgsathemehooks.php on line 281
    This is important:
    If you just leave all the cash in the business at the end of your financial year you going to pay a huge chunk to SARS as profit tax.
    ...

    For our industry turnover tax is a very appealing option, as most of our expenses are personnel related and have very marginal cost of sales otherwise.
    This is one of the reasons QCF works the way it does with revenue shares. Means we don't keep too much in the company, except the funds needed to work on the next title(s).


  • Notice: Undefined variable: GuestHourOffset in /home/nitrogen/public_html_mgsatest/forums/themes/mgsa/class.mgsathemehooks.php on line 281
    Another follow-up; our company is now VAT registered, the VAT on the foreign revenue is 0% (zero rated) so we don't pay anything.
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