On 01 July 2024, the South African Revenue Service (SARS) informed that the Excise Wine and Vermouth Policy had been updated to indicate the following:
- Exclusions in terms of Rebate Item 624.50.
- Clarification in terms of Schedule 6 Part 1 C of Rebate Items 620.22 and 620.33.
- Requirements for licensing an excise OS warehouse.
- Requirements when applying for an extension of a licensed SVM warehouse.
The Policy is accessible at:
https://www.sars.gov.za/wp-content/uploads/Ops/Policies/SE-WV-02-Wine-a…