Crack, on 30 June 2010 - 10:30 , said:
EDIT 9/1/2012 - Use this handy calculator that Velouria found http://www.dutycalculator.com/
It determines how much you will have to pay to SARS when ordering stuff from oversees.
The steps to calculate the total duties and VAT are:
- Calculate the Rand (ZAR) value of the invoice (including shipping). This should be done by converting the foreign amount (INV) into ZAR using the SARS exchange rate (ROE) for the date of export. This is the customs value.
- Calculate the import duties, using the amounts in Capricorn's list (ID%), based on customs value. These are the Duties (D).
- Add 10% to the customs value from step 1. Multiply this new value by 14% to get the VAT amount for the goods.
- Add 10% to the Duties value from step 2. Multiply this new value by 14% to get the VAT amount for the duties.
- Add the Duties amount from step 2 to the two VAT amounts from steps 3 and 4 to get a the total amount payable to SARS.
- Add the clearing fee (usualy R25 for SAPO and R100 for UPS) to the step 5 value to get the total amount you have to pay.
All of the above expressed in algebra:
- CV = INV x ROE
- D = CV x ID%
- VATGoods = (CV x 1.1) x 0.14
- VATDuties = (D x 1.1) x 0.14
- TotalSARS = D + VATGoods + VATDuties
- Grand Total = Clearance Fee + TotalSARS
And, converting back to English, these are the actual percentages you will pay to SARS for the stuff on Capricorn's list:
cycling shorts (classified as clothing) : 67.3%
shoes, socks, (bags?) : 61.6%
Gloves, bike cases, (bags?) : 50.0%
Helmets (fullface or other) : 44.3%
Knee pads and other protective equipment : 38.5%
plastic bottles : 32.7%
whole bicycles : 32.7%
Goggles, sunglasses : 15.4%
bike components : 15.4%
cycling electronics : 15.4%
Some applicable links:
SARS -Customs Duty
SARS Exchange Rates
SARS Valuation Guide
SARS - Tariff Schedule 2011/04/07
Some useful tariff codes:
Duty free:
Sunglasses - 9004.10
Bicycle tyres/tubes - 4011.50/4013.20
Bicycle lights - 8512.10
Bicycle parts - 8714.*
15% Duty
Complete bikes - 8712.00.10
30% Duty
Bike case, possibly bags - 4202.*
Edited by Edman, 09 January 2012 - 12:36 .