Let's say I see something in China @ US$10.00 and want to bring in 1,000 of these units to resell - am I right in saying :
- $10.00 * 1,000 = $10,000 * exchange at R13.00 = R130,000.00
- This costs me $1,000 to get ship it here (R13,000) so in total I'm paying R143,000.00
Do I pay VAT on that R13,000?
- $10.00 * 1,000 = $10,000 * exchange at R13.00 = R130,000.00
- This costs me $1,000 to get ship it here (R13,000) so in total I'm paying R143,000.00
Do I pay VAT on that R13,000?
