I am starting out with VAT submissions, and am struggling to figure out the calculation on the SARS efiling form (VAT201)
Under the "output tax" section, is the amount for "standard rate excluding capital goods, etc") - this is figure (1).
Then after this to right of the form, they have "X r/100 /r - followed by another "space" for the amount. (figure 4)
These amounts were already calculated via eFiling - I would just like to know how they get to this figure?
Any help would be greatly appreciated please :-)