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 […]
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 […]
[…] only per day (R) 2024 522 161 2023 493 152 2022 452 139 2021 452 139 2020 435 134 Where the recipient is, by reason of the duties of his or her office or employment, obliged to spend a part of a day away from his or her usual place of work or employment, […]
[…] replace the provisions of the current Customs and Excise Act, 1964, in relation to customs only and the amended 1964 Act will continue to apply to excise duties and the other levies and taxes mentioned. 18. Will it be mandatory for all exporters and importers to re-register every three years for their import and […]
[…] the Republic. See the Customs Branch contact details or if you need to escalate beyond branch offices, please email [email protected]. The Excise division facilitates the levying of duties on certain locally manufactured goods as well as on their imported equivalents. 13 February 2024 – Trade Facilitation Index (TFI) TFI Survey deadline extended from 14 […]
[…] Customs and Excise Act, 1964: Schedules to the Act Excise Duty Act : – Excise Tariff COMMENTS (number of units). units). 11 General Note B 5. Any duties on imported goods specified in Part 2, 3 and 5 of this Schedule are additional to any duties specified in Part 1 of the said Schedule […]
28 March 2024 – Ad Valorem Excise Duty is payable on certain locally manufactured goods and goods imported of the same class or kind. Ad Valorem Excise Duty is determined in terms of Schedule 1 Part 2B, which specifies the goods on which duty is levied, each with its own applicable rate of duty. The […]
[…] their responsibilities to encourage and ensure tax compliance as part of their oversight role. The training is expected to advise and alert them, as they assume their duties, of the vital need for compliance at local government where SARS has experienced challenges. The training is being undertaken nationally and is expected to further the […]
[…] payable and admissibility into the country. In addition, Rules of Origin may also determine whether goods are entitled to the payment of less or no Import duties. For this reason, there is a distinction between non-preferential and preferential Rules of Origin. The non-preferential rules are applied for “Most-favoured Nation” (MFN) trade purposes […]
WHAT IS IT? Petroleum Products include Petrol, Diesel, Bio-Diesel, Unmarked Aliphatic Hydrocarbon Solvents and Unmarked Illuminating Kerosene (Unmarked Paraffin). These products are subject to the payment of Excise Duty, Fuel Levy and Road Accident Fund (RAF) Levy if consumed within the RSA and Excise Duty only if consumed in any of the other SACU Member […]
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