On 24 June the South African Revenue Service (Sars) announced that, effective on the day, it had introduced its “Excise External Policy Health Promotion Levy On Sugary Beverages”.
The policy applies to manufacturers in the sugar beverages industry. However, the policy does not cover: (i) Sars Payment Rules as these are dealt with in document GEN-PAYM-01-G01; (ii) eAccount on eFiling for Excise as this is dealt with in document EA-01-M01; (iii) Declaration and Return submission via eFiling as this is dealt with in document SE-ACC-02-M02; (iv) Prescribed payment terms/periods as these are dealt with in document SE-PAY-02; (v) Submission of accounts/returns as this is dealt with in document SE-ACC-05; (vi) Licensing and Registration requirements as these are dealt with in document SE-LR-02; (vii) Bonds as these are dealt with in document SE-BON-02; (viii) Refunds as these are dealt with in document SE-REF-02; (ix) Tariff Determination as these are dealt with in document SE-TDN-02 and (x) The completion of the DA 179 and Schedule – Health Promotion Levy Return for Sugary Beverages as this is dealt with in document SE-SB-03-M01.
The Notice is accessible at:
Story by: Riaan de Lange