Taxman coming for Temu and Shein
The South African Revenue Service (SARS) will implement an import duty of 45% plus VAT on all clothing from 1 July 2024 to address the imbalance between platforms like Temu and local retailers.
This comes after several local e-commerce players claimed that companies like Shein and Temu exploited tax loopholes to undercut South African retailers.
The South African Revenue Service (SARS) will implement an import duty of 45% plus VAT on all clothing from 1 July 2024 to address the imbalance between platforms like Temu and local retailers.
This comes after several local e-commerce players claimed that companies like Shein and Temu exploited tax loopholes to undercut South African retailers.