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Issue ID: 111542
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Turn Over in Restaurant - Definitions

Date 22 Feb 2017
Replies 11 Replies
Views 1313 Views
Asked by
Turnover definition excludes wages and operating expenses, so restaurant payroll is recorded as expenses not turnover for VAT treatment.
Turnover denotes the aggregate value of goods or services sold or otherwise disposed of for consideration; internal labour costs such as wages for chefs, helpers, waiters and cleaners are not included in turnover but must be recorded separately as expenses to determine profit and VAT/CST liabilities. (AI Summary)

Does the restaurant labour daily wages (Kitchen Chef, Helper, Cleaner, Waiter,Cashier,Floor Manager etc) needs to be included in the TurnOver of the Restaurant.

Could someone highlight what are the expenses included in the turnover of the restaurant in a detailed manner, please.

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