FAQ: When must the legal entity information of a company be verified and updated on the RAV01?
On submission of the Company Income Tax Return (ITR14), all legal entity data must be verified and outdated information must be updated on the RAV01 before the Company Representative/Public Officer can continue with submission of the ITR14. Whenever there is a change in the company’s Public Officer, banking or contact/address details, the legal entity information […]
FAQ: What is the qualification for Imports?
a) No unpolished diamonds may be imported into South Africa unless: i) The unpolished diamonds have been declared in terms of the Diamond Export Levy Act to the Controller of Customs. ii) The unpolished diamonds have been released for imports by the Regulator. The provisions of Section 38(1) of the Customs and Excise Act No. […]
FAQ: What are the export requirements in relation to such Exports?
a) No unpolished diamonds may be exported from South Africa unless i) The unpolished diamonds have been registered for export by the South African Diamond Regulator. ii) The unpolished diamonds have been declared in terms of the Diamond Export Levy Act to the Controller of Customs. iii) The unpolished diamonds have been released for export […]
FAQ: Who is liable to pay the Diamond export Levy to SARS?
1) A return levypayer (i.e. a registered person who makes payment of the levy on the basis of periodic return as contemplated in Section 5(1) of the Administration Act) will pay the levy in accordance with the stipulations of Section 5(1) of the Diamond Export Levy (Administration) 2) A holder of a permit is regarded […]
FAQ: What is the export rate of duty and what is the aim of the Diamond Export Levy?
FAQ: What is an unpolished diamond and to whom does it apply?
It is a diamond in its natural state or a synthetic diamond which has after the production thereof not been altered in any manner and includes diamond, powder, a crushed diamond, a fragment and a partly processed diamond.
FAQ: Is there a reward?
No.
FAQ: Will I get whistle blower protection?
If you have committed no crime then YES.
FAQ: Can I be anonymous?
Yes
FAQ: Can I find out the result on the investigation?
No , we have to respect privacy.
