by Donald MacKay | Jun 29, 2020 | COVID-19
ITAC are considering once again offering duty relief on critical supplies imported under rebate item 412.11. It looks like it will run from July to September. This time however with some additional requirements. Watch this video to find out...
by Donald MacKay | May 31, 2020 | COVID-19, Duty Changes implemented
ITAC will no longer issue permits under rebate item 412.11 (essential supplies for disaster relief). In this video I break down the impact of this decision and consider the SARS and ITAC audits which will begin for companies who used the rebate. If you have used this...
by George Frost | May 28, 2020 | COVID-19, Duty Changes implemented
The Minister of Cooperative Governance and Traditional Affairs, Dr Nkosazana Dlamini Zuma declared a national state of disaster on March 15 2020. South Africa subsequently entered lockdown mode 11 days later, on March 26. As of 28 May 2020, 63 days after the lockdown...
by Donald MacKay | May 12, 2020 | COVID-19
Watch this video to understand the ins and outs of exporting while the country is still locked down (yes it is both legal and possible). Payment terms on deferment accounts with SARS When you import goods, you need to pay SARS duties and VAT. SARS provides credit...
by Donald MacKay | Apr 29, 2020 | COVID-19, Trade Policy Conversations
I think the prohibition on the sale of alcohol and tobacco is a very bad idea with very serious consequences. In this video, I move away from a technical trade topic into a chat (rant) about the economic and social consequences of criminalising a substantial portion...
by Donald MacKay | Apr 28, 2020 | COVID-19, Trade Policy Conversations
The IDC has launched a bridging finance fund, either for the manufacture of critical supplies or as trade finance, if it turns out the goods have to be imported. Find out more by watching this...
