- SARS has decided to hold off on applying a 45% import tariff on clothing products in South Africa
- The decision was made after concerns were raised about major Chinese online retailers exploiting a tax loophole
- Local retailers must pay 45% plus VAT for imported clothes, while Shein and Temu were accused of avoiding duties and VAT
- SARS is consulting with industry stakeholders before implementing the tariff hike
- The decision to apply the tariff was made due to concerns about financial losses and uncollected taxes
- Consumers have expressed frustration over the announcement to discontinue the small parcel exemption
Source: businesstech.co.za
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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