January 8, 2023

12 December 2022 This Note provides guidance on the interpretation and application of section 4(c) of the SDL Act, which exempts any PBO contemplated in section 10(1)(cN) from the payment of SDL, provided the PBO: solely carries on qualifying Public Benefit Activities or solely provides funds to PBOs that solely carry-on qualifying Public Benefit Activities. …

New Interpretation Note on Skills development levy exemption: Public benefit organisations Read More »

26 December 2022 Part 1 of Schedule No. 1, increase the rate of customs duty on combined refrigerator-freezers, fitted with separate external doors from 25% to 30% and excluding those with a total capacity not exceeding 400li. For more details read the amendments here.

26 December 2022 The latest scam appears to be a SMS from SARS, indicating a payment to be received from SARS via Pay Fast. Please don’t click on any links and report any suspicious correspondence from SARS to phishing@sars.gov.za. You can see an example of the scam here.

30 December 2022 Trade statistics for November 2022 recording a preliminary trade balance surplus of R7.98 billion attributable to exports of R172.67 billion and imports of R164.69 billion. On a year-on-year basis, the R7.98 billion preliminary trade balance surplus for November 2022 was a deterioration from the R35.72 billion trade balance surplus recorded in November …

Trade statistics for November 2022 Read More »

6 January 2023 The draft amendments in Part 1 of Schedule No. 1 to the Customs and Excise Act, Act No. 91 of 1964 (the Act), are technical in nature and will have no effect on the duty structure. The amendments are mostly due to requests received from industry or other government agencies. You can …

Customs and Excise Tariff Amendments Read More »