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Elvis

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I can remeber that there was a topic like this a while back, can't seem to find it. But me and my cycling buddy wants to buy some stuff from chainreaction. Can anybody tell me if you have to pay import taxes, and how much? And vat?

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Your will not pay import duty on Bike parts. You will pay on a complete bike or clothing.

You will not pay British Vat, but you will pay SA Vat , calculated on 110% of the invoice amount pluss a R25.00 customs fee
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calculated on 110% of the invoice amount pluss a R25.00 customs fee

 

 

 

Wat beteken dit? 110% vat? Didn't do very good in maths at high school...

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Hi Henri

 

Bought helmit from CRC last  week. The slip was in my PO box 1 week later. Stating foreign goods.

 

VAT 14% and R25 custom.

 

This was a test run for me. It worked.

 

Happiness

 

 
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RSA VAT on import goods are calculated at 14% plus 10% on the 14% which for easy calculation can be derived at 15,4% of the value declared on the invoice .... on parts, no IMPORT duties are applicable; only on completed BIKES ....

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calculated on 110% of the invoice amount pluss a R25.00 customs fee



Wat beteken dit? 110% vat? Didn't do very good in maths at high school...

 

Simply put, an item costing you R200 will result in a payment of R275.80.

 

Complicated calculation (200 *10% = 20) {200 + 20 = 220} That's the 10% added.

220 * 14% = 30.80 (VAT) so 220 + VAT= R250. 80

 

Add the R25.00 customs feeand you have R275.80.

 

Teachers, examiners and other mathmagicians, please do not feel free to mark this test question pass comments. I also sucked at math at school.

LOL 
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I think it is on receipt of goods. Recipient has to pay the VAT, and customs cost, generally at GPO on collection.

 

The seller will have little interest in the local laws and customs costs. The only issue on initial purchase is conversion of local currency to foreign currency, which may affet the number of ZAR you have to fork out for the items.

 

My boet bought a CD a while back from Amazon and he had to sort out all this stuff at the post office before they let him have his CD.

 

Turned out to cost him the same of not a llittle more to import directly.
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The irritating things about customs duties is that the PO and most courier companies accept cash only to pay them.

 

Courier companies are particularly annoying in this regard. They rock up at your door with a package and the guy says you can't have it until you've handed over R837.58 cash (even though you told them to notify you first).

After going around the entire office and managing to beg, borrow and stealing R900 cash, the gent then informs you that he has no change (the situation of someone not carrying exactly R837.58 never occured to him).

 

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