Search Results for: duties – Page 6

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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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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Rebate User

[…] the exact location of the proposed rebate store (e.g. store, vessel, tank and yard). A list of plant and machinery. 4th Schedule These are general rebate of duties in Schedule 1 Part 1, 2 and 5 of the tariff. Part 5 applies to fuel levy goods. The tariff specifies the extent of rebate for […]

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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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Customs Refunds and Drawbacks

[…] Phase 2 (refund item 538.00/04.00) as well as the required supporting documents; and the alignment of the limitation date for export duty refunds. To claim back these duties, the importer must be in possession of a valid Production Rebate Certificate (PRC) of which the importer is the beneficiary. See the updated Refunds and Drawbacks […]

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Customs Bills History

This part of the archive area is intended for use in circumstances where it might be necessary to establish a sequence in policy changes on legislative provisions. It should be noted that the final publication of a draft might differ from the original draft circulated in view of the comments received and/or legislative policy considerations. The area Preparation […]

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Refunds

Following the introduction of the electronic submission of Transfer Duty declarations and the eAccount for Transfer Duty on eFiling, SARS has further enhanced the Transfer Duty system with respect to refunds. Conveyancers must from now request refunds via eAccount on eFiling once the transfer duty declaration have been cancelled and approved  using the eAccount management-Refund function. The […]

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Ad Valorem Products

WHAT IS IT? Ad Valorem Products include, amongst others, Motor Vehicles, Electronic Equipment, Cosmetics, Perfumeries and other products generally regarded as “luxury items” and are subject to the payment of Ad Valorem Excise Duty if used within the Southern African Customs Union (SACU). WHO IS IT FOR? Ad Valorem Excise Duty on Ad Valorem products […]

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Tax Product Registration

Exempt institutions are required to meet their compliance obligations for other tax products . Income tax Tax exempt institutions ( trusts, association of persons) have an obligation to register  for income tax regardless of whether they have been formally approved by the Commissioner. NPC’s are automatically registered for income tax upon registration with CIPC. Please note […]

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