- SARS is consulting on draft changes to customs rules related to transfer pricing adjustments.
- Changes affect sections 40, 41, and 120 of the 1964 Customs and Excise Act.
- Draft rules explain how to adjust bills of entry when transfer pricing affects customs value.
- Process includes sending a notice to the Commissioner with amended invoices or notes.
- Rules detail required documents, payment of duty and VAT, and refund applications.
- Consultation ends on 3 October 2025.
Source: regfollower.com
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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