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FAC1503-25-EX10

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With effect from 1 March 2019, the 95% of the trust interest earned on section 86(4) investments will be paid monthly to the Legal Practitioners Fidelity Fund in terms of section 86(5), as provided for by Rule 54.14.16.4 made under the authority of Section 95(1) of the LPA.
0%
0%
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Transfers from the trust bank account to the business bank account are not allowed in respect of the disbursement of expenses unless there is a contractual obligation on the part of the practice to the pay the disbursement.
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SA Attorneys is a registered VAT vendor. VAT is levied

at 15%.

SA Attorneys charged Mr Africa fees to the amount of

R4 500 (

excluding VAT) for her divorce and R250 collection fee (in

cluding

VAT) for collecting R14 700 from his wife.

Calculate

the output VAT amount for the services rendered.

Instructions

for numeric response:

1. Use a full stop to indicate any decimals

(eg:

1000.01)

2. Round off to the

second decimal after the

full stop

(eg: 50.56)

3. For numeric responses only show the amount, do not show the "R" (eg: 1000)

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