Sars Tariff Amendments - 15 December 2017
10 Jan 2018 - by Riaan de Lange
On 15 December 2017, the South African Revenue Service (Sars) announced the implementation of changes to the rates of customs duties of the Economic Partnership Agreement (EPA) between the European Union (EU) and the Southern African Development Community (SADC) EPA States for 2018.
The reduction in the rates of customs duty on wheat and wheaten flour from 91c/kg and 136,50c/kg to 71,63c/kg and 107,45c/kg, depending on its tariff classification, in terms of the existing variable tariff formula, as per Itac Minute 14/2017.
The insertion of refund provisions on distillate fuel for the manufacture of intermediate fuel oil.