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Customs and Excise Act Rules Amended

April 28, 2020

South African Revenue Service

Customs and Excise Act Rules have been amended.

The South African Revenue Service (SARS) published the amended rules in Government Gazette 43245.

Rule 8.04 on registration of persons submitting reporting documents has been amended.

Applications can be submitted electronically or in paper format.

No supporting document to an application needs to be submitted in respect of a subsequent application for registration or licensing, unless the information has subsequently changed or the Commissioner specifically requests that the document be submitted.

Supporting documents submitted electronically may for purposes of this rule be regarded to be the original of the relevant document required unless the Commissioner determines otherwise.

New definitions on “annexure”, “applicant”, “application”, “authorized officer”, “branch front end capturing”, “e-filing”, “registered agent” and “South African Revenue Service taxpayer reference number” are added to rule 59A.01.

A new rule 59A.01A on submission of applications for registration and updating of registration details is inserted.

Amendments also focus on disclosure of customs and excise relationships, confirmation or rejection of customs and excise relationships by other party, fresh disclosure of customs and excise relationships upon failure by other party to confirm or reject relationship, communication through eFiling or another electronic communicative system for receipt of applications, submission of applications for licensing and updating of licensing details, confirmation or rejection of customs and excise relationships by other party and fresh disclosure of customs and excise relationships upon failure by other party to confirm or reject relationship.

A raft of new forms is also listed.

The amended rules kick in on 24 April 2020.

Meanwhile, in Notice 474, SARS published an amendment to Customs and Excise Act Rules stipulating that no payment by cheque in excess of R50 000, including any payment relating to value-added tax on imported goods as contemplated in the Value-Added Tax Act of 1991, may be made.

The amendment comes into effect on 1 May 2020.

In Gazette 43248, the Financial Sector Conduct Authority published proposed amendments to the JSE Debt Listings Requirements – Sustainability Segment for comment.

The proposed amendments were published in terms of the Financial Markets Act.

Objections are invited within 14 days of the date of publication.