taken from a doc sent to me back then about importing from SARS....
Something that is not mentioned in the doc is an "advelorem duty" which is also applied to cars like this of a value over R130k at the time ....Whether this is the used value or the cars original value I am not sure.
Please find attached general notes regarding the importation of a second hand motor vehicle.
Please note that ITAC will only issue an import permit if you have been absent from the Republic for a continious period of no less than 6 months and the vehicle in question must have been registered in your name for the same period. In the event ITAC does not issue an import permit the NRCS will not issue a LoA and thus Customs will not allow the importation.
Regards
OPERATIONAL SPECIALIST: CUSTOMS
SARS NATIONAL CONTACT CENTRE (KZN)
GENERAL NOTES REGARDING THE IMPORTATION OF A SECOND HAND MOTOR VEHICLE
Value of a second hand motor vehicle
Section 71(2) of the Act empowers the Commissioner to determine the value for customs purposes of vehicles imported by private individuals for own use and not for sale. Reference to the section will show that determinations of this nature are not arbitrary but are made with due regard to the provisions of section 66.
Where any vehicle is imported by a natural person for his own use and not for sale, the Commissioner may, notwithstanding the provisions of section 65 (1) and (4) but with due regard to the provisions of section 66, determine a value which shall, subject to a right of appeal to the court, mutatis mutandis in accordance with the provisions of section 65 (6), be deemed to be the value for duty purposes of such vehicle: Provided that where any natural person who was the owner of and has used such vehicle in any territory outside the Republic, imports such vehicle into the Republic, from a territory other than the territory in which it was produced or manufactured, for his own use, and not for sale, the Commissioner may determine the value for duty purposes of such vehicle as if it were imported into the Republic from the territory in which it was produced or manufactured.
Should the importer require the value to be determined in terms of Section 71(2) of the Customs and Excise Act no 91 of 1964, as amended an application has to be submitted to the Valuation Specialist at the Customs branch office through which the vehicle will be imported.
Duty and VAT is paid at the time of importation at the rates applicable at that time unless the vehicle qualifies to be imported within a rebate item such as 407.04 which exempts the importation from duty and VAT. The value on which such duty and VAT becomes payable must be converted from the foreign currency to South African rand. The exchange rate used for this conversion is the selling rate applicable on the day the vehicle is loaded on board the vessel for export to the RSA. This is called the Customs Value.
DUTY
The duty structure for a second hand motor vehicle principally designed for the transport of persons, including station wagons is as follow:
Schedule 1 part 1 duty: 26% calculated on the Customs Value
Schedule 1 part 2B duty: [{0.00003 x B} – 0.75]% with a maximum of 25% calculated on the VPB Value
(VPB)
VAT: 14% calculated on the Added Tax Value (ATV)
Example of calculation:
Customs Value: R 165 000
---------------------------------------------------------------------------------------------------------------------------------------------------------
Schedule 1 part 1: = 165 000 × 26%
= R 42 900.00
---------------------------------------------------------------------------------------------------------------------------------------------------------
VPB Value (which is also B): = Customs Value + 15% + all non-rebated duties
= 165 000.00 + 24 750.00 + 42 900.00
= R 232 650
Schedule 1 part 2B: = [{0.00003 × 232 650} – 0.75]% with a maximum of 25%
= [6.979 – 0.75]% with a maximum of 25%
= 6.229% with a maximum of 25%
= 6.229% (the least of the 2 is always selected)
= 232 650 x 6.229%
= R 14 491.77
---------------------------------------------------------------------------------------------------------------------------------------------------------
ATV: = Customs Value + 10% + all non-rebated duties
= 165 000.00 + 16 500.00 + 42 900.00 + 14 491.77
= 238 891.77
= R 238 892
VAT: = 238 892 × 14%
= R 33 444.88
---------------------------------------------------------------------------------------------------------------------------------------------------------
Total duties payable: = R 42 900.00 + R 14 491.77 + R 33 444.88
= R 90 836.65
---------------------------------------------------------------------------------------------------------------------------------------------------------
Additional information
* The duty reflected hereon is applicable for today only and may change without notice.
* This duty calculation does not include second hand motor vehicles for the transport of ten or more persons, including the driver and certain vehicles of the transport of goods.
* A second hand motor vehicle may only be imported if an Import Permit is obtained from
ITAC and a Letter of Authority from NRCS.
* ITAC stipulated that from 23 July 2004 a left hand drive vehicle may only be imported and operated on South African roads if the vehicle was first registered and licensed in the name of the importer before 1 January 2000
* ITAC and NRCS details are as follows:
The Director: Import and Export Control (IMPORT PERMIT)
Private Bag X753
PRETORIA
0001
Telephone: (012) 394 3610
Facsimile: (012) 394 0516 Website:
www.itac.org.za
NRCS (National Regulator for Compulsory Specifications)
Tel +27 12 428 6180 Tel +27 12 428 6422 Email
[email protected] Email
[email protected]
Website:
www.ncrs.org.za
raise:
