The Tariff Amendments 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. The implementation date has been indicated in bold where it differs from […]
[…] Schedule No. 2, by the substitution of anti-dumping item 215.02/7324.10/03.06, in order to give effect to the name-change of the manufacturer/exporter excluded from the payment of anti-dumping duties on stainless steel sinks originating in or imported from the People’s Republic of China – ITAC Minute 06/2022 Notice R.2575 With retrospective effect from 3 December […]
[…] tax compliant small to medium sized businesses. The proposed measures will come into operation on 1 August 2021 and end on 31 October 2021. Deferral of excise duties on alcoholic beverages with immediate effect. For more information, see the Draft Explanatory Notes on Emergency Tax Measures in response to the continuing Covid-19 pandemic and recent […]
[…] physician) Herbal products (Department of Health permit required) Duty-free allowances The following goods may be imported duty free as accompanied baggage duty free (without payment of applicable duties and VAT): No more than 200 cigarettes and 20 cigars per person No more than 250g of cigarette or pipe tobacco per person No more than […]
[…] cleared in 139 import transactions. SAB later discovered that the goods were fraudulently cleared by Ocean Light as traditional African beer – a product attracting less import duties and as a result of which, import duties and VAT amounting to R139m was not paid over to SARS. SARS had, through third party appointments and […]
[…] 1) dutiable (and no ITAC certificate under item 412.11 of Schedule No. 4 of the Customs and Excise Act, 1964, has been issued); 2) subject to the duties referred to in 1) but are entering South Africa duty free because of a preferential trade agreement or other agreement, such as a customs union; 3) […]
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 […]
[…] Statistics – Chapter 3 Company Income Tax CIT 2023 Tax Statistics – Chapter 4 Value-Added Tax VAT 2023 Tax Statistics – Chapter 5 Import VAT and Customs Duties 2023 Tax Statistics – Chapter 5 Tariff Code Table 2023 Tax Statistics – Chapter 6 Other taxes Media statement: 29 December 2023 Previous Tax Statistics publications […]
[…] duty and Value Added Tax (VAT). A bond/guarantee, which will set the amount required to secure participation in this scheme, is required. No locally manufactured goods, ( duties and levies) may be deferred under this scheme. The payment of Customs duties and VAT, in accordance with section 39(1)(b), at the time of importation, may […]
[…] 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 time of clearance. The goods may not be removed from or placed in such facility until a valid customs […]
© 2021 All rights reserved
