SARS have created a new tariff code specifically for the Covid-19 vaccine (tariff code 3002.20.11), with effect from 12 February 2021. Although it came too late to catch the very first vaccine imports, all future Covid-19 vaccine imports will be cleared through this new tariff code.
This comes on the heels of a rebate being created for the payment of import VAT (if you get a permit from ITAC and you import the vaccine, you won’t have to pay the VAT, but you will still need to charge VAT on the sale.
We will see if vaccine itself will perhaps be zero-rated, like mielie meal and pilchards. I would argue this is the most important item in the country to zero rate, but that does not come without cost and we need to save our coins to get SAA back into the air, so don’t hold your breath.