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[…] arrival of the goods at the inland container terminal, the importer will clear the goods for another permissible customs procedure or for home use and pay the duties. This current position does not provide SARS with adequate information to determine any possible safety, security, fiscal and economic risk in relation to these goods before […]
[…] 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 […]
[…] goods which results in an overpayment of customs duty and VAT. In particular, this situation may arise when the clearing agent does not obtain payment of the duties and VAT upfront from their client (principal or importer) but recovers that amount later after having used their deferment arrangement to process the payment. Due to […]
[…] Property and Construction. Publications Since the last issue of VAT Connect, the following VAT documents have been published on the SARS website (Refer to the “Legal Counsel” page): Binding General Rulings (BGRs) Binding General Ruling (BGR) 39 (Issue 2) – VAT treatment of municipalities affected by changes to municipal boundaries – issued 26 July […]
[…] home office must therefore be set up solely for the purposes of your trade; and If your remuneration consists only of a salary and similar remuneration, your duties must be mainly performed in this part of the home. It therefore means you must perform more than 50% of your duties in your home office; […]
[…] doubt ask the customs officer on duty for assistance. Bon voyage You are always welcome in the lovely and sunny South Africa. To access this page in different languages click on the links below: IsiZulu Sesotho Afrikaans Sepedi Xitsonga Frequently Asked Questions FAQ: Am I required to submit an income tax return […]
[…] drawback? Any person who uses imported goods in the manufacturing, processing, finishing, equipment or packing of any goods for export may claim a refund of the Customs duties paid at time of importation provided the person is registered in terms of Schedule No 5. The applicant must provide details of: The type of imported material […]
[…] that traders notify SARS of their intention to apply to an authorised dealer for an advance foreign exchange payment for imported goods. This prevents underpayment of customs duties and taxes, valuation fraud, and illicit financial flows related to the importation or non-importation of goods following advance foreign exchange payments. See the Advance Import Payments […]
[…] of illicit trade and counterfeit procedures, on the economy and revenue. Mr Moeng said criminals use different methods to facilitate illicit financial crimes. Examples are circumventing excise duties and indirect taxes on the sale or use of specific products; or generating significant profits by selling a high volume of illicit excise goods at a […]
The Diplomatic Missions (DMs) page represents the needs and interests of all Embassies, High Commissions, Consulates, International Organizations, and other representation registered for Value Added Tax (VAT) and Pay-as-You-Earn (PAYE). To optimize the contribution from DMs, it is important for SARS to work with and through stakeholders to improve the tax ecosystem, provide clarity […]
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