The South African Revenue Service (SARS) recently published draft amendments to the rules under sections 40 and 41 of the Customs and Excise Act 91 of 1964 (Customs Act).: The amendments are intended to provide certainty for multinational enterprises regarding the impact of transfer pricing
adjustments on their customs declarations.
Source EY (As of page 52)
Latest Posts in "South Africa"
- Eswatini’s E-Invoicing Initiative: Advancing Tax Compliance and Digital Transformation by January 2028
- South Africa to End VAT Exemption on Low-Value Imports, Impacting eCommerce and Education
- South Africa to Implement E-Invoicing and Real-Time VAT Reporting in Major Tax Overhaul
- Law to Phase Out Import VAT Relief on Small Parcels
- South Africa Proposes VAT Amendments to Implement E-Invoicing and E-Reporting Systems