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 […]
[…] Customs and Excise Act, 1964: Schedules to the Act Excise Duty Act : – Excise Tariff COMMENTS (number of units). units). 11 General Note B 5. Any duties on imported goods specified in Part 2, 3 and 5 of this Schedule are additional to any duties specified in Part 1 of the said Schedule […]
[…] you don’t have an eFiling profile, create the profile through the existing eFiling profile registration process. Once your eFiling profile is created, login and navigate to the ‘ Duties & levies ’ menu on top of the screen and click on ‘Transfer Duty / Register Amend ’ from the side menu. Complete by entering the income tax number […]
[…] 1998 wysiging, beteken ‘nie deur die Kommissaris toegelaat nie’ 25 May 2001 Brenco Incorporated and Others Customs and Excise Act, 1964 Procedural fairness regarding imposition of anti-dumping duties; s.56 read wth s.4(2) of the Board on Tariffs and Trade Act, 1986 31 May 2001 Henbase 3392 (Pty) Ltd Customs and Excise Act, 1964 Trade […]
[…] payable and admissibility into the country. In addition, Rules of Origin may also determine whether goods are entitled to the payment of less or no Import duties. For this reason, there is a distinction between non-preferential and preferential Rules of Origin. The non-preferential rules are applied for “Most-favoured Nation” (MFN) trade purposes […]
WHAT IS IT? Petroleum Products include Petrol, Diesel, Bio-Diesel, Unmarked Aliphatic Hydrocarbon Solvents and Unmarked Illuminating Kerosene (Unmarked Paraffin). These products are subject to the payment of Excise Duty, Fuel Levy and Road Accident Fund (RAF) Levy if consumed within the RSA and Excise Duty only if consumed in any of the other SACU Member […]
[…] 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 […]
[…] FAQs The Explanatory Memorandum elaborates on specific changes included in the amendment of the Schedules to the Customs and Excise Act, 1964, such as the phase-down of duties in terms of agreements, technical amendments, etc. The FAQ document contains basic questions and answers on the topic. Explanatory Memorandum on HS 2012 FAQs on HS 2012 Amendment of […]
[…] 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 […]
If the Transfer Duty is not paid within the period allowed, a penalty/interest will be payable in addition to the unpaid Transfer Duty. Date from % Calculated on the Duty Payable 01 January 1950 – 19 March 1963 12% per year calculated on a daily basis From 20 March 1963 to 30 June 1982 […]
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