Search Results for: duties – Page 5

FAQs for Tax Relief on Excise Duty

[…] importance that you, as the licensee, familiarise yourself with Rules 105.01 to 105.04 of the Customs and Excise Act No.91 of 1964, with regard to applications for deferral of payment of excise duties. See Rule 105 of the Customs and Excise Act, 1964, is outlined on pages 811 to 814 on the link.     

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Filing, Declaration and Payment

All Exempt institutions MUST annually submit an IT12EI – Return of Income Tax Exempt Organisations – External Form income tax return. The income tax return enables the Commissioner to assess whether the approved exempt entity is operating within the prescribed limits of the relevant approval granted. Should a liability arise after submission of the income tax return, payment must […]

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Customs Storage Warehouse

[…] be processed for the removal thereof from such customs storage warehouse. In same instance the licensee / owner of the goods will be required to bring the duties and VAT to account if applicable at time of clearance.  The goods may not be removed from  or placed in such facility until a valid customs […]

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Legislative Framework

[…] South Africa, both customs and excise matters were provided for in one Act. The purpose of the Act is to provide for the levying of customs and excise duties, fuel levy, Road Accident Fund levy, air passenger tax and environmental levy, the prohibition and control of the importation, export, manufacture or use of certain goods […]

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Duties and Taxes

What are Customs Duties and Taxes? Customs duties are imposed by the Customs and Excise Act 91 of 1964. They are levied on imported goods with the aim of raising revenue and protecting the local market. They are usually calculated as a percentage of the value of the goods (set in the schedules to […]

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Excise Duty/Levy payment and submission dates

Excise Payment and Submission Dates for 2022 PAYMENT & SUBMISSION DATES OF EXCISE DUTY ACCOUNTS FOR 2022 FOR AD VALOREM CALENDAR QUARTER ACCOUNT SUBMISSION DATE ACCOUNT PAYMENT DATE 1 January 2022 – 31 March 2022 [Quarter 1 of 2022] 25 April 2022 25 April 2022 1 April 2022 – 30 June 2022 [Quarter 2 of […]

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Schedules to the Customs and Excise Act, 1964

[…] and 10 to the Customs and Excise Act, 1964.   The electronic versions of these Schedules were developed to provide stakeholders with easy access to the relevant duties and levies applicable to all goods imported into, manufactured locally in, or exported from, the Republic. Note: For implementation of HS 2022 as published on 22 […]

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Workshops

Rules to the Customs control and duty acts, 2014 Workshop held on the Draft Deferment Rules to the Customs Duty Act, 2014​ SARS held a workshop on 11 October 2017 to discuss the comments received on the Draft Deferment Rules.   SARS presentation: Comments received on the Draft Deferment Rules Workshop held on the Draft Rules in terms of […]

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Tariff

[…] Act. Tariff classification relates to the proper classification of goods within the Harmonized Commodity Description and Coding System (tariff book). The Tariff Book indicates the normal customs duties (Schedule No 1, Part 1), excise duties (Schedule No 1, Part 2A), ad valorem duties (Schedule No 1, Part 2B), anti-dumping duties (Schedule No 2, Part […]

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Excise

[…] all official languages: English IsiZulu IsiXhosa Afrikaans Sepedi Setswana Sesotho Xitsonga SiSwati Tshivenda IsiNdebele 4 February 2022 – Excise Payment Dates for 2022 WHAT IS IT? Excise duties and levies are imposed mostly on high-volume daily consumable products (e.g. petroleum and alcohol and tobacco products) as well as certain non-essential or luxury items (e.g. […]

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