PUBLISHER: South African Revenue Service (www.sars.gov.za)
Kindly take note the below draft legislation for comment pertain specifically to amendments as a result of transfer pricing as released by SARS
“Draft rules have been inserted under sections 40 and 41 to explain how to adjust bills of entry when transfer pricing affects customs value. These rules outline the process for updating customs value by sending a notice to the Commissioner with amended invoices or debit/credit notes.
They also explain what documents must be included, how to pay any duty and VAT owed after the adjustment, and how importers can apply for refunds if they overpaid due to transfer pricing changes.”
Read more:
Kindly send comments to: C&E_Legislativecomments@sars.gov.za (Deadline 03 October 2025)