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[…] an audit, sometimes for years, which is often the purpose of such an administrative or collateral challenge. In this particular case, the taxpayers suspected non-compliance with the Customs and Excise Act, which led SARS to include a risk assessment on the taxpayer’s compliance with Value Added Tax (VAT) and Income Tax. This process established […]
[…] 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 […]
No imported products or articles may be obtained by any registered manufacturer or producers under rebate unless registered with Customs as a rebate user. Registered manufactures or producers must obtain approval from Customs before any goods (e.g. raw material, components or electrical circuit items) may be imported under rebate of duty specified in […]
The South African Customs Administration plays an integral role in the facilitation of movement of goods and people entering or exiting the borders of South Africa. Our vision is to offer a world-class Customs service which contributes to the stability, health and prosperity of the country, region and world. Customs Objectives The Customs mandate […]
[…] and Item 406.00 of that Schedule, have been amended as a consequence of the substitution of the notes to rebate item 406.00 in Schedule 4 to the Customs and Excise Act 91 of 1964 (the Customs and Excise Act). The amendment follows concerns raised in the 2019 Budget Review regarding the risk of abuse […]
[…] The Domestic Reverse Charge Regulations (DRC Regulations) came into effect in July 2022 and information on this topic is available on the VAT Domestic Reverse Charge web page the Frequently Asked Questions (FAQs) as well as the article “Domestic Reverse Charge Regulations” in VAT Connect 14. Suppliers and recipients that are existing registered VAT […]
[…] For more information on eFiling registration refer to : https://www.sars.gov.za/individuals how-do-i-register-for-tax/register-for-efiling/ How to update banking details Complete the Registration Amendments and Verification Form (RAV01) on eFiling (excluding Customs and Excise) On the SARS MobiApp, tap on the Profile Management tab You can also update banking details whilst completing the following documents on eFiling: Income […]
[…] 2024 – SMME Traders Connect Newsletter Edition 3 The SMME Traders Connect Newsletter edition 3 is now available. In this edition of the magazine we focus on Customs deferments. As you are aware, each publication focuses on a specific theme to share information and insights to make it easier for traders to meet their […]
THE USE OF THIS WEBSITE IS REGULATED BY THE RULES FOR ELECTRONIC COMMUNICATION, PRESCRIBED UNDER SECTION 255(1) OF THE TAX ADMINISTRATION ACT, 2011 (ACT NO. 28 OF 2011). THE RULES WERE ISSUED IN PUBLIC NOTICE GN 644, GOVERNMENT GAZETTE 37940 OF 25 AUGUST 2011 AND IS AVAILABLE HERE. THE RULES AS WELL AS THE TERMS […]
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