Gross Collections:        R 45,000.00
Distribution Fee (25%):  -R 11,250.00
Collections Fee (3.5%):  -R  1,575.00
                         ─────────────
Subtotal Fees:            R 12,825.00
VAT (15% of fees):       -R  1,924.75
                         ─────────────
NET AMOUNT (to you):      R 30,250.25 💸

distribution_fee = total_collections × 0.25

collections_fee = total_collections × 0.035

vat = total_fees × 0.15

distribution_fee = total_collections × 0.25
collections_fee = total_collections × 0.035
total_fees = distribution_fee + collections_fee
vat = total_fees × 0.15
net_amount = total_collections - total_fees - vat

Distribution Fee:  R 42,500.00 × 0.25 = R 10,625.00
Collections Fee:   R 42,500.00 × 0.035 = R  1,487.50
Total Fees:        R 10,625.00 + R 1,487.50 = R 12,112.50
VAT:               R 12,112.50 × 0.15 = R  1,816.88
Net Amount:        R 42,500.00 - R 12,112.50 - R 1,816.88 = R 28,570.62

{
  "settlement_number": "SETTLE-2025-11-001",
  "period_month": "2025-11",
  "total_collections": 42500.00,
  "distribution_fee": 10625.00,
  "collections_fee": 1487.50,
  "total_fees": 12112.50,
  "vat": 1816.88,
  "net_amount": 28570.62,
  "payment_date": "2025-12-03",
  "status": "pending"
}