ANNOUNCEMENT 02 Nov 2017
In November 2017, the South African Revenue Service (SARS) introduced a full rebate on import tariffs imposed on vintage and/or internationally collectable motor vehicles.
NUMBER OF INTERVENTIONS
South Africa Revenue Service (SARS), Government Gazette No. 41225, No. R.1223 of 2 November 2017: http://www.sars.gov.za/AllDocs/Embargo/Tariffs/LAPD-LSec-CE-TA-2017-51-%20Notice%20R1223%20GG%2041225%2003%20November%202017.pdf
International Trade Administration Commission of South Africa (ITAC) Report No. 558 of 3 November 2017: http://www.itac.org.za/upload/document_files/20171103120644_Report-558.pdf
The rebate was introduced on 3 November 2017. The products subject to the full rebate on import tariffs are vintage and/or internationally collectable motor vehicles classified under HS code subheading 8703. The import tariff subject to full rebate is 25%, whilst it is lower for countries members of the EU, EFTA and the SADC. The rebate facility will notably be subject to import control and a rebate permit, which will be subject to certain rules and guidelines stipulated by the International Trade Administration Commission of South Africa (ITAC).