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Tariffs. Customs. Trade Remedies

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Ursula Diale-Ali (South Africa)

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South Africa: Increases Customs Duty on Peanut Butter Imports

By , , and 4 Mins Read

In brief The South African government has implemented a substantial increase in customs duties on specified peanut butter tariff lines, raising the general rate from 0.99 cents per kilogram to 20% ad valorem. The decision follows an ITAC investigation which concluded that domestic peanut butter producers were experiencing declining production, reduced sales volumes, increased competition from lower-priced imports, and rising operational costs. While duty-free treatment remains available for imports from certain jurisdictions, including the European…

South Africa: Do all good things come to an end? | Phasing out the low customs value consignment relief

By , , and 3 Mins Read

Before 1 September 2024, imports valued at ZAR500 or less (c. EUR26) were subject to a flat rate of 20% in lieu of customs duties and no value added tax (low value consignment relief). This relief was apparently introduced under a 2007 concession list published by the South African Revenue Service (SARS). The concession presented various benefits to multinational companies as they gained access to the South African market through the retention of low costs…

South Africa: Formalising transfer pricing and customs valuation procedures in South Africa

By and 5 Mins Read

In brief Proposed amendments to the Customs Rules (Rules) under sections 40(3), 41(4), and 120 of the Customs and Excise Act were published for public comment by the South African Revenue Service (SARS) in January 2024. The proposed Rules are intended to formalise the process for reporting transfer pricing adjustments impacting customs values declared to SARS at the time of importation. Public comments on the proposed rules close on 9 February 2024. In more detail…