On 05 February the South African Revenue Service (SARS) announced the release of its updated “Malt Beer Policy”. Two new paragraphs 2.12.1(e) and (f) have been inserted to make provision for a licensed manufacturer of goods contemplated in Rebate Item 619.03.
1 SUMMARY OF MAIN POINTS
(a) The policy applies to role-players in the Malt Beer Industry.
(b) This policy does not cover:
(i) SARS Payment Rules as this is dealt with in document GEN-PAYM-01-G01;
(ii) Declaration and Return submission via eFiling as this is dealt with in document SE-ACC-02-M02;
(iii) Submission of Accounts / Returns as this is dealt with in document SE-ACC-05;
(iv) Return and submission of HTMLS5 forms via eFiling as this is dealt with in document SE-ACC06-M01;
(v) Bonds as this is dealt with in document SE-BON-02;
(vi) Clearance of bonded / inter-warehouse movements as this is dealt with in document SE-CON02;
(vii) Accounting for Duty / Levy as this is dealt with in document SE-GEN-02;
(viii) Licensing and Registration requirements as these are dealt with in document SE-LR-02;
(ix) Prescribed Payment Rules as this is dealt with in document SE-PAY-02;
(x) Refunds as these are dealt with in document SE-REF-02; and
(xi) Traditional African Beer as this is dealt with in document SE-TAB-02.
The Policy is accessible at:
https://www.sars.gov.za/AllDocs/OpsDocs/Policies/SE-MB-02%20-%20Beer%20-%20External%20Policy.pdf
Story by: Riaan de Lange