Contact SARS in South Africa, or a professional tax preparer or tax accountant for assistance. Assuming there is a method to prepare and amended or corrected tax return and submit it, that is how you would handle it.
SARS Contact Center 0800 00 7277
SOURCE: The National Bank of Scotland pays 5% compound
First year:
5% from 980£ is 49. So after the first year you have 980+49=1029
Second year:
5% from 1029£ is 51,45. So after the second year you will have 1029+51,45=1080,45
Third year:
5% from 1080,45 is 54,02. So after the second year you will have 1080,45+54,02=1134,47.
In three years you have 154,47=54,02+51,45+49
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SOURCE: The following unadjusted trial balance
You can download the .doc file from the link below for free. This has the tables all set up and all the answers you need.
http://www.megaupload.com/?d=84NDKV9J
Thank you and enjoy,
Lee
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SOURCE: Does the NFL pay taxes?
To clear things up, according to the letter of the law, the NFL League Office is the company that is actually tax-exempt, not the NFL as a whole. The NFL is comprised of 32 separate organizations - the teams - all of which pay taxes on their individual revenue. The NFL League Office is classified as a trade organization. As a trade organization, the NFL League Office's primary purpose is to "further the industry or profession it represents."
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