Vat and other Customs Duty benefits in SEZ/IDC customs controlled areas (CCAs)

Recently, Schedule 3 of the Customs and Excise Act No. 91 of 1964 was amended via the insertion of Note 8, wherein Manufactures/Industries registered under the 3rd Schedule are now permitted to locate within Customs Controlled Areas within SEZs/IDZs.

GMLS will be conducting a follow up meeting today (Monday 4 August 2014) with Senior National Treasury representatives lead by the Chief Director – Economic Tax Analysis, to progress our submission for the inclusion of VAT benefits and the creation of suitable PPC/CPC (codes) for Customs controlled movement of goods into and out of Special Economic Zones and also to OEMs.

Please do not hesitate to contact us for more information!
Reginald Moyo
reginald@gmls.co.za
Mobile: 0848266659 / 0728284369