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South Africa Expands Tax Waiver For Unsolicited Gifts

by Lorys Charalambous, Tax-News.com, Cyprus

20 May 2016


The South African Revenue Service has published a notice in the Official Gazette to increase the value threshold for the value-added tax waiver for unsolicited gifts.

The waiver applies to gifts sent to persons resident in South Africa, excluding goods contained in passengers' luggage, wine, spirits, and manufactured tobacco products.

Previously, the waiver applied to up to two consignments per year of up to R400 (USD25) in value. This limit has been raised to R1,400, also for up to two gifts per year.

The change has been effected through a change to Schedule 1 of the VAT Act.

TAGS: South Africa | VAT special schemes | tax | value added tax (VAT) | VAT legislation | legislation | Africa

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