The Truth About VAT

I made a 6-minute video to explain that if you are paying income tax in South Africa, then the VAT you are paying, is much more than the 15% SARS wants you to believe.

This is one of the techniques to keep the middle class in a state of confokulation*

* “Confokulate is a state of mind when you do not know, what you are supposed to know.”

Please give me feedback in the comment section below?

Related training:

Here is my Plan B…

How to travel the world with tax free money…


Dr. Hannes Dreyer
Dr. Hannes Dreyer

Hannes is one of the world’s leading authorities in Wealth Creation. As a speaker and author on the subject he is at the forefront of this personal development industry. He is the founder of the Wealth Creators University and the Wealth Creators Method. The University is a private education organisation based on the culmination of 30 years of experience, research and study into finances, economics, psychology and philosophy.

    6 replies to "The Shocking Truth About VAT"

    • Avatar Ian

      Hello Hannes!
      An idiots (my!) view….
      I believe that we are paying in excess of 70 to 90% of our earnings in Tax…depending on our earnings!!
      Why I say this, that TV that you were talking about-
      Some items in that TV would have paid duty
      The manufacturing company is paying Company tax, not actually, the end purchaser is, as that is built in on the price.
      Most of the staff who made the TV are paying PAYE, no, it is built into the price of the TV.
      The petrol used to deliver the TV is taxed, heavily, that is build in the price of the TV.
      The Delivery truck was taxed on purchase, that is build in on the price of the TV.
      The E-Tolls were (or not!) paid by the delivery company, no, the TV purchaser paid them, as they were build into the price of the TV.
      The list will go on and on and on and on, as us being taxed does!!!!
      All of the above is for every company that supplies any and every part for that TV….and there are LOTS of them!!!

      I once asked a student Actuary to do his thesis on this, it took about 5 seconds of thought on his behalf to turn down the idea, saying that it was FAR too complex, and the time that it would take would be excessive!!

      Yes, it is time for me to train with you, I really must make the effort, but only I can sort THAT out!!

      • Avatar Abygirl Phiri

        What you are saying Dr Hanners is true

    • Avatar Gerard

      Hi yes a agree completely it is a state of confuckuable proportions, I just spoke to my accounting friend about this yesterday.

      Apparently one has the choice to voluntarily register for vat.
      I didn’t watch the video yet but there is always a loop hole, of how to screw people out of Their money, just as they want to tax foreigners now working abroad, for not even using any of the services in the country, that doesn’t even work appropriately.
      THE GRAVY TRAIN has LEFT the STATION – tjoe tjoe!!!

      KIND REGARDS
      GERARD

    • Avatar Chris

      Yes and Capital Gains Tax is another area.

      In many cases if you adjust the purchase price and related expenses for inflation, there is no real gain, Yet SARS still want their tax on the capital “gain” as you cannot adjust the base cost for inflation.

    • Avatar theo cilliers

      well explained and so true, keep training us please Hannes

    • Avatar Ivan Kortje

      Ek het dit baie intressant gevind n mens leer maar altyd iets nuut. Ek glo ek sal by n punt kom waar ek sal kan bekostig om op n program te kom my hart se verlange. Het jare gelede die vlam begin en nie vandag spyt . Baie Dankie Mr.Dryer waardeer opreg.

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