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SARS Ends 15% Import VAT Exemption for Low-Value Consignments from September 2024

The South African Revenue Services 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.

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.

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