Following the changes to the Customs act, Schedule 1 to the Value-Added Tax Act, 1991 was amended to include licensed customs and excise storage warehouses as places where diplomats maybe able to obtain new motor vehicles.
Information
Paragraph 8 of Schedule 1 to the Act was amended to include new vehicles obtained from a licensed customs and excise storage warehouse to be exempted in terms of item no.’s 406.02, 406.03, 406.04, 406.05 or 406.07, provided these vehicles may not be offered, advertised, lent, hired, leased, pledged, given away, exchanged, sold, or otherwise disposed of within a period of two years from the date of importation. Read more: Here
Implementation date: 24 June 2022
