When the announcement was made yesterday it was unclear how the tax was going to be levied. According to Kan this has become a bit clearer.
“Since 2007, PC Monitor’s tariff code has been changed to 8528,” explained Kan. It is on this code that the 7% ad valorem tax will be levied.
He added that LCD TV monitors without TV tuners currently use rebate item code 460.16/85.28 to claim back the import tax.
“On importation we pay import duty and ad valorem tax but we claim them back on the same time,” explained Kan.
However, according to Kan, a PC monitor can also be classified under “Video Monitor” as long as an SABS certificate can be produced to prove that the monitor has more than 600 resolution lines and has a video input port such as DVI, DV, or HDMI.
“Such PC Monitors can then be imported as Video Monitors, which is under rebate item code 460.16 and avoid this 7% ad valorem tax, legally,” concludes David Kan
PC monitor tax: It can be avoided (legally) << Comments and views