Small Businesses – Traders and Travellers

What’s New?

The SMME Traders Connect Newsletter edition 3 is now available. In this edition of the magazine we focus on Customs deferments. As you are aware, each publication focuses on a specific theme to share information and insights to make it easier for traders to meet their tax obligations. Above all, it aims to draw attention to the different incentives that are available for Customs and Excise traders.

  • 1 September 2023 – What is the Advance Import Payment Notification?

    The Advance Import Payment (AIP) Notification aims to combat illicit financial flows and customs valuation fraud associated with the misuse of advance foreign exchange payments in respect of goods that are to be imported. With effect from the 03 December 2021, Importers are obliged to notify SARS via eFiling of their intention to apply to an authorised dealer for an advance foreign exchange payment in respect of goods to be imported, as well as published Rules under sections 59A and 120 of the Customs and Excise Act 91 of 1964 for Advance foreign exchange payments.

    Advance import payment notifications make it easy for taxpayers and traders to comply with their tax obligations, as well as assist SARS to detect and make non-compliance hard and costly for those who do not.

    This process ensures that traders notify SARS of their intention to apply to an authorised dealer for an advance foreign exchange payment for imported goods. This prevents underpayment of customs duties and taxes, valuation fraud, and illicit financial flows related to the importation or non-importation of goods following advance foreign exchange payments. See the Advance Import Payments webpage here for more detail.

  • 12 May 2023 – Webinar on the SARS Administered Incentives

    The South African Revenue Service (SARS) held a webinar on 10 March 2023 to engage Small, Micro, and Medium Enterprises (SMMEs) about various domestic and cross border incentives available to help them grow their businesses. The webinar also touched on revenue compliance obligations and helped Traders understand their responsibilities before the SARS financial year end.

    If you missed the webinar you can view the presentation by clicking here.

    See the Questions & Answers following the webinar here.

  • 17 February 2022 – Webinar on Corporate Income Tax and Provisional Tax obligations for Small Businesses

    If you have missed the webinar you may view the video on the SARS YouTube channel –

  • 9 February 2022 Frequently Asked Questions for Traders and Travellers

    See our newly published Frequently Asked Questions (FAQs) aimed to assist Traders and Travellers in their day-to-day work.

SMME Traders Connect Newsletter

Read the latest SMME Traders and Travellers Connect Newsletter. See the previous SMME Traders and Travellers Connect Newsletters here.

About Us

This page is dedicated to Small Medium and Micro Enterprises (SMME) Traders and Traders. The SMME Traders and Travellers is a Division in SARS that represents the needs and interests of this sub-segment in the Customs and Excise environments. This will be done through:

  • Providing Clarity and Certainty to the Traders and Travellers
  • Making it easy for Traders and Travellers to comply
  • Detecting and deterring Traders and Travellers who do not comply
  • Working with and through Stakeholders to improve the tax ecosystem.

The purpose of this page is to share current and upcoming work being done to achieve the above mandates.

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Related documents

As part of providing clarity and certainty to Traders and Travellers in order to make it easy for them to meet their compliance requirements as well as their tax obligations, below leaflets where designed. The leaflets contains essential information for Travellers  about what their duty free and flat rate allowances is. It also informs Traders about their Exemptions and the types of duties/levies payable. The leaflets gives Traders and Travellers information about goods that they can bring under controlled circumstances and those that they are not allowed to bring at all.

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