[…] 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 […]
[…] 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 […]
[…] Act under section 10(1) and the powers conferred upon the Commissioner are set out in section 11. S ection 10(2) states that the powers conferred and the duties imposed upon the Commissioner may be performed or exercised by the Commissioner, or by any SARS official 131 under the control, direction or supervision of the […]
[…] 37821 GOVERNMENT GAZETTE, 10 July 2014 Act No. 30 of 2014 Customs Duty Act, 2014 ACT To provide for the imposition, assessment, payment and recovery of customs duties on goods imported or exported from the Republic; and for matters incidental thereto. B E IT ENACTED by the Parliament of the Republic of South Africa, […]
SCHEDULE 6 Excise Tariff SCHEDULE NO. 6 REBATES AND REFUNDS OF EXCISE DUTIES, FUEL LEVY, ROAD ACCIDENT FUND LEVY, ENVIRONMENTAL LEVY AND HEALTH PROMOTION LEVY GENERAL NOTES: 1. Any person who receives any goods under rebate or refund of duty in terms of any item of this Schedule must register as conte mplated in […]
28 July 2020 – In 2020, export duty on scrap metals was introduced in the Customs and Excise Act (1964), (the Act). The duty on the exportation of scrap metals will become compulsory for imported, locally obtained or manufactured scrap metal effective, 1 August 2021. As of this date, certain ferrous and non-ferrous waste and […]
4 August 2021 – In 2020, Export Duty on Scrap Metals was introduced in the Customs and Excise Act (1964), (the Act). The duty on the exportation of scrap metals is compulsory for imported, locally obtained or manufactured scrap metal effective, 1 August 2021. As of this date, certain ferrous and non-ferrous waste and scrap […]
No, the sale of property will be subject to either VAT or Transfer Duty. VAT takes preference over Transfer Duty. If the seller is a registered VAT vendor and the property forms part of the seller’s enterprise, then VAT is payable. If the seller is not a registered VAT vendor, or if the seller is […]
4 March 2022 – SARS invites you to our Excise Duties Webinar on 10 March 2022, which aims to give Small, Micro, and Medium Enterprises (SMMEs) knowledge on the indirect tax imposed on the consumption of selected goods. Excise duties are imposed mostly on high-volume daily consumable products (e.g. petroleum products, alcohol and tobacco […]
26 April 2021 – The TDC01 form was converted from Adobe to HTML5 format. The Guide for Transfer Duty via eFiling was updated to include the form change. This guide is designed to assist you in the activation of your Transfer Duty account on eFiling, the completion of your TDC01 Declaration, registration for the allocation […]
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