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Value-Added Tax Act, 1991 (Act No. 89 of 1991)

Part X - Miscellaneous

66. Rounding-off of the tax


An amount of tax determinable under this Act must be calculated by—

(a) where the tax fraction is expressed as—
(i) a proportion, rounding it off to the fifth decimal place namely 0,12280; or
(ii) a percentage, rounding it off to the third decimal place,  namely 12,280; and
(b) rounding fractions of—
(i) less than half a cent, down to the last cent; or
(ii) half a cent or more, up to the next cent.