Search Results for: customs/page/2/%7B%7B%20data.editLink%20%7D%7D – Page 3

[…] uncertainty regarding the amount of input tax that can be deducted by a vendor (principal or importer) when a clearing agent makes an error in calculating the customs duty and VAT on an importation of goods which results in an overpayment of customs duty and VAT. In particular, this situation may arise when the […]

[…] supplies correctly for VAT purposes. Qualifying taxpayers seeking to regularise their affairs are also encouraged to apply directly to the unit responsible for the Voluntary Disclosure Programme. Customs documentation and registration required for exports The export of goods from South Africa is subject to VAT at the zero rate provided certain requirements are met, […]

[…] is only payable on the scrap value and not the original importation value. This change aligns the VAT Act with similar relief from duties provided in the Customs and Excise Act, 1964.  Exemption for homeowners’ associations – The supply of services by, for example, a sectional title body corporate to its members is generally […]

What’s new 17 April 2020 – Requests for duty deferment payment relief What is it? Customs duties and VAT are payable in accordance with  Section 39(1)(b) at the time of importation. Existing registered or licensed Customs clients may apply to defer the payment of Customs duty and VAT for a period of up to […]

[…] that the IDZ complies with the framework regulating SEZs in terms of the SEZ Act, 2014, within three (3) years of commencement of the SEZ Act, 2014. Customs controlled areas An SEZ or any part thereof may be designated as a Customs controlled area.  There may be more than one (1) Customs controlled area […]

[…] import goods into South Africa. Such nominated ‘registered agent’ must assume full liability for the acts of a foreign principal in relation to any business activity with Customs. To see information on how imports work, click here.   If the applicant is a foreign entity: He / she must nominate a registered agent using […]

The amendments to the Customs and Excise Rules are made in terms of the Customs and Excise Act, 1964 by Notice in the Gazette. The Notices are arranged according to the publication date and grouped in the different years of issue, which can be accessed on the navigation pane above. An implementation date that falls on […]

[…] navigation pane above. 2022 Date of Delivery Parties Involved Applicable Legislation Keywords 29 November 2022 New! Pacific Solar Technologies (Pty) Ltd v CSARS (715/2021) See media summary Customs and Excise Act,  1964 Customs and Excise Act 91 of 1964 – whether solar home system has the essential character of an energy source and power […]

[…] export purposes for a prescribed period. The goods are stored until a need arises whereby an ex-warehouse declaration will 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 […]

[…] Africa and then transports those goods to another place in South Africa or through South Africa. South African carriers removing goods in bond must first license with Customs in terms of Section 64D (see SC-TR-01-05). Foreign carriers must appoint a registered agent in South Africa as his / her representative. The foreign carrier must […]