Temu and Shein ’s logistics partner Buffalo used a 17-year-old South African Revenue Service import concession designed for bulk couriers to avoid paying a 45% duty on clothing imports.
However, the expert explained that Section 38 of the Customs and Excise Tax Act only allows for a simplified import process on goods to the value of R500. The clearance is processed on a DA306 form as opposed to a formal customs declaration , the expert said.They explained that this concession was created for the “bulk” courier business in the past and that the volume of imports that Temu and Shein would create was unforeseen.
“Based on the nature of the clearance, there is no benefit to the courier because of the AEO accreditation,” the expert said. “The bulk of the brokers, including couriers, are AEO accredited.”
Headline Imports SARS Shein Temu IT Services
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
South Africans hate that SARS is making Shein and Temu more expensive'We can't afford local goods!' Thousands of South Africans have signed a petition calling for the Shein and Temu VAT increase to be scrapped
Source: htxtafrica - 🏆 42. / 51 Read more »
Shein and Temu threaten South African jobs, Takealot allegesShein and Temu have exploited loopholes to undercut local e-commerce companies unfairly, Takealot said.
Source: TechCentral - 🏆 8. / 71 Read more »
South Africans fighting for Temu and SheinConsumers have petitioned against increased taxation of Temu and Shein. Clothing retail expert Michael Lawrence says that these arguments don’t look at the full picture.
Source: mybroadband - 🏆 11. / 67 Read more »
Temu and Shein are breaking South African retailersAlthough business confidence among retailers may be at the long-term average, domestic clothing retailers are under pressure.
Source: BusinessTechSA - 🏆 24. / 61 Read more »
Shein and Temu tax crackdown in South AfricaSARS is set to raise taxes on clothing imports to create a fairer playing field for local businesses, that are up against Chinese eCommerce giants.
Source: mybroadband - 🏆 11. / 67 Read more »
SARS Is Cracking Down On Temu And Shein In South Africa – And Why You Should TooSouth African and global news updates with a twist. 2oceansvibe is South Africa’s biggest solely owned online news platform with local and world news updates.
Source: 2oceansvibe - 🏆 43. / 51 Read more »