South African Revenue Service
The customs duty rebate on woven fabrics of cotton has been increased from full duty less 11% to full duty.
The South African Revenue Service (SARS) published the amendment of Schedule 3 to the Customs and Excise Act in Government Gazette 44090.
The amendment came into effect on 22 January 2021.
Other amendments published by SARS include:
• Notice 32 – Amendment to insert Part 1C to Schedule No. 10, to give effect to the implementation of the EPA between the SACU Member States and Mozambique (SACU-M), of the one part, and the UK and Ireland on the other part – retrospective effect from 1 January 2021;
• Notice 33 – Amendment to insert Part E in the Schedule to the General Notes, to implement the Rules of Origin contained in Protocol 1 to the EPA between the SACU Member States and Mozambique (SACU-M), of the one part, and the UK and Ireland on the other part – retrospective effect from 1 January 2021;
• Notice 36 – correction notice – By the substitution of the reference to Note 3(a)(i) with Note 6(a)(i), where it appears in Notice No. R. 1404 of Gazette No. 44029 on 24 December 2020 in Note 8 to item 620.24 – in effect from 22 January 2021.
Meanwhile, national treasury, in a statement on the recently promulgated 2020 tax acts, announced the publication of the final response document on the bills.