Tax hikes on sub-R500 Temu and Shein clothing orders

[Hanno Labuschagne]

Tax hikes on sub-R500 Temu and Shein clothing orders

Low-value and small-volume orders of clothing from Temu and Shein will start getting slapped with higher taxes from next month, Business Times reports.

The Foshini Croup (TFG) CEO Anthony Thunström told the publication that the South African Revenue Service (Sars) has committed to tax all clothing parcels with an import duty of 45% plus VAT from 1 July 2024.

 

[Lupus]

Thanks SA retailers once again you've shown your true colours.

 

[FiestaST]

https://twitter.com/x/status/1799701578083143865

 

[Scooby_Doo]

How many jobs are we actually trying to protect here?

 

[Grubscrew]

Sub R500?

So less duties on over R500?

 

[Scooby_Doo]

Sub R500?

So less duties on over R500?

No, its does, the loop hole was if the order was below R500, so now they just apply the same rule regardless of value.

 

[Grubscrew]

Also, local manufacturing can be competitive, local retailers can't be. Large margins and clothing prices that require the average person to buy clothing on account and pay massive interest rates. Let us not tell porky pies Foshini Group.

 

[mnmobilegames]

What a joke, people can't afford the locally made items, or the lack of options, now you get penalized for that and are being forced to buy local, so very Russia in your way of doing things.

 

[saa044]

Yeah, I will still import. Fck local and the SA Government.

 

[Bliksis]

If local clothing can't compete, where is the problem?

 

[Bliksis]

Tax hikes on sub-R500 Temu and Shein clothing orders

Low-value and small-volume orders of clothing from Temu and Shein will start getting slapped with higher taxes from next month, Business Times reports.

The Foshini Croup (TFG) CEO Anthony Thunström told the publication that the South African Revenue Service (Sars) has committed to tax all clothing parcels with an import duty of 45% plus VAT from 1 July 2024.

TFG is so full of KAK. They want all the money. Simple as that.

 

[tm458]

Tax hikes on sub-R500 Temu and Shein clothing orders

Low-value and small-volume orders of clothing from Temu and Shein will start getting slapped with higher taxes from next month, Business Times reports.

The Foshini Croup (TFG) CEO Anthony Thunström told the publication that the South African Revenue Service (Sars) has committed to tax all clothing parcels with an import duty of 45% plus VAT from 1 July 2024.

Ah yes, nothing like giving low income buyers less options so they have to open unnecessary clothing accounts in order to get 2 pieces of clothing because of dog water local pricing.

 

[B-1]

Will still be cheaper for the same made in China item. Just a little less now.

 

[WalkWithMe]

If local clothing can't compete, where is the problem?

Slavery labour is cheap. Not having health and safety costs money.

 

[Quicks]

Always someone that need to fck it up for everyone else.

So I am guessing because of this local shops will also now increase prices, as these same idiots that were complaining about it will now also pay more for import and they will pass the buck to the consumer?

 

[BuckRogers]

The problem with local suppliers is their limited range. At least shein has the size I want and the color I want. When I get to the mall all they have left is small and extra large in strange colours and with dirty finger marks on it.

 

[Pegging]

Slavery labour is cheap. Not having health and safety costs money.

Making crap stories up is easy.

 

[Leo_]

No, its does, the loop hole was if the order was below R500, so now they just apply the same rule regardless of value.

So this only impacts orders under R500?

Currently orders over already do this?

 

[Swa]

So this only impacts orders under R500?

Currently orders over already do this?

Suppose to. SARS problem has always been enforcement. The irony is it will still cost 4x less to import and only a fraction of orders are clothing.

 

[Vanessa13]

In other words, they insist on helping local companies rip us off and basically steal from us charging us prices that are insanely higher than cost price. They already charge almost a quarter of the value of the goods, even for big orders. I hope Shein and co find a way around it. SOMEONE needs to NOT rip us off!