Import value limits before needing a permit.

Discussion in 'General Vaporiser Talk' started by CJB85, 28/7/20.

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  1. CJB85

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    Hi guys

    I am no tax/import guru, so I don't trust my own online research.
    Can anyone confirm what the limitations are (for both single purchase and in a 12 month period) in terms of value and or number of purchases before needing an import permit?
    I completely accept that VAT will be charged at entry, but I do not want a situation where the items for other people in a group buy are detained or confiscated because I have bought too many goodies in the last few months.
    If there is an annual limit, does that apply to a financial year, or to a rolling 12 month period?
    Uncle @Rob Fisher you probably buy the most from abroad, any advice here?
     
  2. Cornelius

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    I will get back to you, asked to Guru's
     
  3. Rob Fisher

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    I have never had an issue and I have imported a ton of stuff! I don't want to post values but it has been a LOT with no problem.
     
  4. CJB85

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    100% Uncle, no need to post values.
    I was just concerned because I took a GB on my account last year in August that was around $630, another couple of smaller ones later that year and a $300 one recently. Looking at some early indications the next GB will easily be more than the $630 from last year, so do you think I will be fine?
    It will all be DHL, so true parcel values will be reflected and unto Caesar will be rendered what belongs to Caesar...
     
  5. M.Adhir

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    I was told the limit was either 30k or 50k over the course of a year.

    This was info a year or so ago so could now be outdated.

    Its luck of the draw though. Sometimes you will never get asked for importers permit etc.
     
  6. CJB85

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    I also saw the 50k limit today, along with a whole list of other limitations that can be brought in without paying VAT on them (although their value contribute to the total value of a parcel in terms of when VAT becomes applicable, I think). Like I said, I just don't trust my own research as I know that tax laws usually need to be read in conjunction with multiple other sections of the act and regulations to get the 100% picture.
     
  7. Cornelius

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    Hi

    This is legally
    Hello Corne,


    As a non registered vendor with Sars using the general purpose code (70707070) you are allowed 3 shipments per annum of a value not exceeding R50000.00 per shipment.


    Hope this is the information you are looking for.


    Kind regards

    However it is as @M.Adhir stated, luck of the draw. Most guys on this Forum import much more than this without any issues.
     
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  8. CJB85

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    Okay great!
    Last question... is the per annum a rolling 12 months, calendar year or financial (tax) year?
     
  9. Cornelius

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    calendar year
     
  10. Rob Fisher

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    Yip you should be fine. I did a massive group buy once before and the amount was insane!