On 27 March 2024, the South African Revenue Service (SARS) published its 16-page ‘Other Fermented Beverages’ which has been revised:
1 Purpose
a) The purpose of the policy is to stipulate the requirements, activities, and liabilities of Other Fermented Beverages (OFB) industry including but not limited to:
i) The activities that are permitted in the OFB warehouses;
ii) Completion of the DA 260 – EXD 260 account;
iii) The assessment of excise duty which involves duty paid removals and non-duty paid removals;
and
iv) Reprocessing, destruction, or abandonment.
b) The policy applies to Auditor Excise (AE) and/or Functional Specialists (FS) and Operations Specialists (OS) dealing with role-players in the OFB industry.
The ‘SE-OFB-02 – Other Fermented Beverages – External Policy’ is accessible at:
www.sars.gov.za/wp-content/uploads/Ops/Policies/SE-OFB-02-Other-Fermented-Beverages-External-Policy.pdf