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Simplifying the Value Added Tax Partial Exemption Ernst & Young  Form

Simplifying the Value Added Tax Partial Exemption Ernst & Young Form

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[Music] good day everyone my name is lucitom tetra from dispersive consulting dispersive consulting we are an accounting tax and management consulting company helping business owners gaining an understanding and control of their business finances and welcome to our second installment of helping business owners gain an understanding and take control of their business finances so today we'll be talking about vet which is also known as value added text and um it is previously known as general sales tax so what is that exactly so we want to try and give a more detailed understanding because in this video series we'll be addressing issues that affect a lot of business owners and try and simplify them to the best of our ability so that is an indirect tax that is charged on the sale of goods and services in uh the economy of south africa and then revenue uses this this tax type in in requiring certain businesses to register and charge vet uh on the taxable supplies of goods an

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