If I receive a commission on a once off sale of R 1 700 000.00 after the VAT of R 300 000.00 is deducted, what is the impact on tax payable to SARS.
Please advise on the following:
1. What is the tax rate after I declare this
2. Can I open a shelf company and pay tax per the company's act and what is the rate
3. Can I ask the attorneys to put the money in a trust account FOR MY KIDS
Hope to hear from you soon
Regards
Pravesh
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