🔥 Major Changes: SARS Implements New Import Duties on Shein & Temu Clothing 🚨
3 months ago
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SARS
import duty
Shein
Temu
South African Revenue Service
45% import duty
VAT
local retailers
e-commerce
In this video, we dive into the recent decision by the South African Revenue Service (SARS) to impose a 45% import duty plus VAT on all clothing imports starting July 1, 2024. Discover how this move aims to level the playing field for local retailers and what it means for your favorite international shopping platforms like Shein and Temu. We explore the implications for consumers, the reactions from local e-commerce players, and the potential impact on South Africa’s retail industry. Don’t miss out on this crucial update!
#SARS #ImportDuty #Shein #Temu #SouthAfrica #LocalRetailers #TaxUpdate #Ecommerce #RetailNews #FashionNews #EconomicNews
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