On 26 September Sars announced the publication of its draft rule amendment to the Customs and Excise Act, 1964 by the substitution of the Agreement on Trade, Development and Co-operation (TDCA) between the European Community (EC) and South Africa with the Economic Partnership Agreement (EPA) between the Southern African Development Community (SADC) EPA states and the European Union (EU) and its member states. In addition to the rules, the amendment of forms DA 185; DA 185 4A2; and DA 185 4A7 to the Act, 1964.
According to Sars’ explanatory note the exact date of provisional application is unknown at this point due to the fact that the EU has not yet issued notification in terms of paragraph 4 of Article 113 of the SADC EPA agreement. Sars indicated that the legislation would be implemented retrospectively if necessary.
Comment was due by 03 October 2016.
Note: Published for 7 days, 5 working days for comment.