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 terms for these taxes, known as deferment. The rules for deferment have been updated to allow the duties and taxes to be paid in instalments, as long as you have formally agreed this with SARS.
Want to get busy exporting? Send us a mail at covid19@xa.co.za.
