VATupdate

Delayed decisions on custom duties cost South Africa $76mln

Delayed decisions on custom duties and anti-dumping measures are costing the South African exchequer 1.25 billion South African rands ($76 million), Fin24, the financial news portal, said, citing a report by XA Global Trade Advisors.

The advisory said that the treasury would have collected 1.25 billion South African rands had the decisions been implemented on time.

Source: Zawya

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