Tag: import tax

Whether it is the South African government’s newly signed carbon tax legislation or the EU’s ‘green’ import taxes, South Africa’s manufacturing sector faces significant challenges. These challenges are centered around sustainability and adapting to new environmental regulations.

The South African Revenue Service (SARS) announced that it will impose a 45% import tax on goods that cost R500 or less, imported from China through online retailers such as Shein and Temu. Unions and businesses praise this as a ‘levelling of the playing field’, but for the consumer it simply translates to higher prices.