Duties, VAT and Excise on Imports and Exports

Understanding SARS import and export tax calculations, excise, trade agreements and warehousing.

This course covers:

• How to do accurately calculate import tax
• Accurately using the tariff book (Schedules 1-8)
• How to determine the SARS value on which duty is charged (as opposed to the invoice value)
• Using the SARS rate of exchange
• How to legally prevent, reduce or delay duties and VAT
• How to use trade agreement to increase cashflow
• VAT on exports – when can it be legally zero-rated and when penalties may be charged
• When and how to pay, not pay, or delay excise tax
• And the new South African export duties

Included in the course:

• Case studies of import tax calculations.
• Real classroom footage of training by an industry expert.
• Excerpts from the tariff book and interpretation documents.
• Resources and notes to download and use for the purpose of calculations on future imports.
• An online assessment consisting of 25 questions.

Duration: 

Course takes approximately 2 days to complete in one sitting. Sign-ups have access to all course material for 12 months and can access and complete at their own pace at any point during this time.