Search Results for: duties – Page 10

Taxpayer and Trader education for Learners

[…] teachers, paying people who work for Government, for grants for the unemployed and single parents, pensions for old age and other social goods. What is Customs? Customs duties are paid by traders when they import goods with the aim of selling them to our citizens.  Traders generally add this to the price when they […]

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What kinds of tax do we pay?​

[…] some people still like to have information on them, we have marked these with an *: Air passenger tax Capital Gains Tax (CGT) Corporate Income Tax Customs Duties Diamond Export Levy Dividends Tax Donations Tax Estate duty Excise duty Income Tax Mineral and Petroleum royalties Pay As You Earn (PAYE) Provisional Tax Securities Transfer […]

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Scenarios of sequence of events

With Transfer Duty, there is a sequence of events that must be followed, depending on the facts of the case. Four scenarios There are four scenarios where the sequence of events is not always followed: Divorce and then later inheritance; Massed estate; Divorce and re-marriage; Inheritance where the surviving spouse is also donating her share […]

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Imports

[…] one of these processes: home consumption i.e. direct entry into South African Customs Union (SACU) countries (duty is paid on importation or under rebate / relief from duties under specific circumstances / conditions); warehousing (pending payment of duty or re-export) transit / in bond movements within the country or through South Africa beyond the […]

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Other Taxes

To see tax rates from 2014/5, see the Archive – Tax Rates webpage. Value-added Tax (VAT) 21 February 2024 – No changes from last year: VAT is levied at the standard rate of 15% on the supply of goods and services by registered vendors. A vendor making taxable supplies of more than R1 million per […]

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High Court: 2010-2008

[…] the Explanatory Notes to TH84.27; dispute on classification of a truck ​26 November 2010 ​C Drahtseilwerk Saar GmbH ​Customs and Excise Act, 1964 ​Schedule No. 2; anti-dumping duties   2009 ​ ​ ​ ​Date of Delivery ​Parties Involved ​Applicable Legislation ​Keywords ​30 January 2009 ​LG Electronics SA (Pty) Ltd ​​Customs and Excise Act, 1964 […]

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Spirits

WHAT IS IT? Spirits may generally be defined as “ethyl alcohol obtained from the distillation of various base products to an alcoholic strength of usually more than 60 per cent per volume” and is subject to the payment of Excise Duty if consumed as liquor within the Southern African Customs Union (SACU).  WHO IS IT […]

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Home Office Expenses

[…] home office must therefore be set up solely for the purposes of your trade; and If your remuneration consists only of a salary and similar remuneration, your duties must be mainly performed in this part of the home. It therefore means you must perform more than 50% of your duties in your home office; […]

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Clearance Declaration

[…] Some imports or exports may require an import or export permit.   Clients dealing with bonded goods or goods moved in transit with the temporary suspension of duties and VAT must retain the proof of export in order to acquit them of their liability for the duties and taxes. Any goods that are being […]

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