Thank you, this is the clarity I needed. I think a large part of the country, that isn't financially literate, need to see it this way as well. Again, at the risk of sounding ignorant; I wasn't taught and raised with a finance saving mindset, and terms like Nominal Interest aren't encouraging me...
Sorry for sounding stupid guys but i was never great at math, English and Life Science was my thing lol.
I'd just like a simple, visual example:
Assuming we're all working under the same conditions. If I put in R10 000 in my account today, how much would pay out if i withdrew my Goalsave on 23...
Okay cool, I suppose normal tax rules apply then, the watch i want costs around R1000 to R1500. Also have you had any problems with "Does not ship to South Africa" messages and if so, any workarounds that you know of?
Updating for those interested. Just recieved the watches 2 months later. Fackin' SAPO. Fortunately I only paid a R220 fee, probably because they actually valued the watches as R0.00 (Was actually about R5000 as gf's watch was combined in same parcel)
Can someone maybe clarify something for me?
I've imported 3 times already this year, will I need to get an importers code for the 4th order i want to place? All of the imports were under R500, One from Gearbest, one from AliExpress and one from Ebay (If any of that matters).
Thanks.
Dammit. That's f'd up, do you perhaps know how much ad valorem duties are? Never heard of it before. Even better do you maybe have an estimate of how much I'd have to pay in for a R3000 item that I didn't even buy ?
Hey I know everyone's distracted by the **** show that is currently Buffalo but i have an unrelated question.
I'm receiving a watch from an american company valued at about R3000, Will I have to pay Tax/Duty on this item? If so, what if it's labelled as a "gift"?