adamr
Executive Member
- Joined
- Nov 20, 2005
- Messages
- 6,520
Thats incorrect ... The calc is as followsMinor correction. Remember for VAT purposes the "value" (actually called "customs value" for import purposes) of the product you are importing is increased with 10% before applying 15% VAT - E.g. VAT = $1499 x 17 x 1.1 x 0.15 = R4205. So the total value is a little bit more.
But I agree with you, the Evetech markup is silly.
PS: As far as I'm aware there are no additional customs or excise taxes applicable to GPUs, only to TV screens and big monitors.
Its (1499 + (10% x 1499) ) x 15%


