On 24 May the South African Revenue Service (Sars) announced the substitution of tariff subheadings 8471.30.10, 8471.41.10 and 8471.49.10, in Part 1 of Schedule No 1 to the Customs and Excise Act, 1964. Sars on 24 May announced the substitution of tariff items 124.11.01/8471.30.10, 124.11.05/8471.41.10, and 124.11.09/8471.49.10, Part 2B of Schedule No 1 to the Act. The tariff descriptions are all the same, “Having a screen with any side exceeding 45 cm”, at zero rate of customs duty. The amendment is with retrospective effect from 01 April.
Television Screen Excise Duty
The South African Revenue Service (Sars) on 24 May announced the substitution of Tariff Items 124.11.01/8471.30.10, 124.11.05/8471.41.10, and 124.11.09/8471.49.10, Part 2B of Schedule No1 to the Act, 1964 “Ad Valorem Excise Duties on locally manufactured goods or on imported goods of the same class or kind”. The tariff descriptions are all the same, “Having a screen with any side exceeding 45 cm”, at a rate of customs duty of 9% ad valorem.
The reasoning is to clarify the scope of computers that are subject to payment of ad valorem excise duties, with retrospective effect from 01 April.
Story by: Riaan de Lange
