- SARS is removing the 15% import VAT exemption on consignments below 500 rand from September 1, 2024
- All imported consignments for B2C sales will be subject to 15% VAT
- Currently, parcels below 500 rand are exempt from VAT with a flat-rate 20% customs duty
- Local online sellers and high-street retailers are disadvantaged by this change
- SARS will introduce VAT in addition to the current 20% flat rate on low-value parcels as an interim measure on September 1
Source: vatcalc.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.
