Latest from the News Centre

SARS: increased Import duties & VAT on small amounts of clothing from international e-commerce retailers

The Trade, Industry, and Competition Ministry has announced that, as of July 2024, clothing items bought from international e-commerce retailers such as SHEIN and Temu, and packaged in small quantities, will be taxed at the same rate as large.

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SARS: New rules re international online purchases

SARS has issued a notice clarifying the rules regarding buying goods for personal use from international online retail sites like Amazon, whereby the allowance amount has changed in April 2024.

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FIC: Draft PCC121A re Beneficial Ownership and the application of Section 21B of FICA

The Financial Intelligence Centre (FIC) has issued Draft Public Compliance Communication 121A (Draft PCC 121A) for consultation, which provides guidance on the definition of beneficial ownership and the practical application of section 21B.

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2023 Employment Equity Public Register

The Department of Labour has published the list of designated employers who submitted their Employment Equity reports for the 2023 reporting cycle.

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CIPC: Failure to file Annual Returns after successful reinstatement applications of finally deregistered companies and CCs

The CIPC reminds that companies and CCs must file outstanding Annual Returns within 30 business days of processing form CoR40.5, or face automatic final deregistration.

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