SARS has published draft rules for comment relating to advance rulings. Importers often face uncertainty when determining how SARS will classify goods, determine their customs value, or assess their country of origin. To provide greater certainty, Chapter IXA of the Customs and Excise Act 91 of 1964 allows businesses to apply for an advance ruling before goods are imported.
The interest rate is only part of the cost of borrowing. A lender may also charge a fee before releasing the money. For investors financing property or a business, whether that fee is tax deductible can make a difference to the deal.
The 2025 budget proposals announced that the fuel industry in the Republic of South Africa (“RSA”) has increasingly shifted from local manufacturing to importing refined petroleum products such as petrol, diesel, illuminating kerosene and aviation kerosene (“fuel levy goods”).
Shepstone & Wylie (S&W) will not change its banking details. Any communication you receive stating we have done so will be false - please contact us immediately.
If you bank with Standard Bank, Nedbank, Investec, FNB or Absa Bank you are encouraged to pay us using the bank approved beneficiary: Shepstone and Wylie Attorneys.
If you don’t use the bank approved beneficiary option, you must always call us to verify our banking details before making any payment.