Examples of R1 in a sentence
The following preference point systems are applicable to all bids: - the 80/20 system for requirements with a Rand value of up to R1 000 000 (all applicable taxes included); and - the 90/10 system for requirements with a Rand value above R1 000 000 (all applicable taxes included).
GENERAL CONDITIONS 1.1 The following preference point systems are applicable to all bids: - the 80/20 system for requirements with a Rand value of up to R1 000 000 (all applicable taxes included); and- the 90/10 system for requirements with a Rand value above R1 000 000 (all applicable taxes included).
GENERAL CONDITIONS1.1 The following preference point systems are applicable to all bids:- the 80/20 system for requirements with a Rand value of up to R1 000 000 (all applicable taxes included); and - the 90/10 system for requirements with a Rand value above R1 000 000 (all applicable taxes included).
Whatever the nature of the tax, it should be included in the price submitted.It is emphasized that mandatory registration for VAT is a legislative requirement once enterprises exceed R1 million in sales within a 12-month period.
See condition R1 regarding the Annual Return reporting requirements.