Search Results for: duties – Page 6

WHAT IS IT? Ad Valorem Products include, amongst others, Motor Vehicles, Electronic Equipment, Cosmetics, Perfumeries and other products generally regarded as “luxury items” and are subject to the payment of Ad Valorem Excise Duty if used within the Southern African Customs Union (SACU). WHO IS IT FOR? Ad Valorem Excise Duty on Ad Valorem products […]

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 […]

For reference, the Transfer Duty exemption requirements are contained in section 9(20) of the Transfer Duty Act.  No duty shall be payable in respect of any acquisition of any interest in a residence as contemplated in paragraph 51 or 51A of the Eighth Schedule to the Income Tax Act, 1962 (Act No. 58 of 1962), […]

[…] 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. 9 March 2023 – Thank you for participating in the Trade Facilitation Indicators Survey […]

This part of the archive area is intended for use in circumstances where it might be necessary to establish a sequence in policy changes on legislative provisions. It should be noted that the final publication of a draft might differ from the original draft circulated in view of the comments received and/or legislative policy considerations. The area Preparation […]

[…] all official languages: English IsiZulu IsiXhosa Afrikaans Sepedi Setswana Sesotho Xitsonga SiSwati Tshivenda IsiNdebele 4 February 2022 – Excise Payment Dates for 2022 WHAT IS IT? Excise duties and levies are imposed mostly on high-volume daily consumable products (e.g. petroleum and alcohol and tobacco products) as well as certain non-essential or luxury items (e.g. […]

[…] 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 […]

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 […]

[…] Phase 2 (refund item 538.00/04.00) as well as the required supporting documents; and the alignment of the limitation date for export duty refunds. To claim back these duties, the importer must be in possession of a valid Production Rebate Certificate (PRC) of which the importer is the beneficiary. See the updated Refunds and Drawbacks […]