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 […]
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 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 […]
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 […]
14 July 2021 – A new export duty on scrap metals was introduced. The objective of export duty on scrap metal is to provide foundries and mills with better access to higher quality and more affordable scrap metals in the local market. In turn this will result in the mills and foundries becoming more competitive […]
30 March 2021 – Transfer Duty Act, 1949 Transfer Duty Guide (Issue 5)
Transfer Duty is a tax levied in terms of the Transfer Duty Act, No. 40 of 1949 on the value of any property which is acquired by way of a transaction or otherwise.
7 September 2021 – The South African Revenue Service and the South African Police Service (SAPS), with the support of the liquor industry, have uncovered a warehouse in Mpumalanga where duty-free liquor to the value of R15-million is being recycled back on to the market. See the media release: R15m duty-free liquor recycled back on […]
23 July 2021 – The impact of Export Duty on Scrap Metal’s implementation and the way forward was recently shared. See the Export Duty on Scrap Metal webpage and our informative presentation on the impact and way forward.
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