South Africa’s Import Taxes And Excise TariffsSouth Africa’s economy has undergone much transformation. The use of import taxes and excise tariffs has become crucial to the sustainment of the economy. The determination for the amount of the external tariff is governed by the Harmonized Commodity Coding System (HS); however whether or not a trade agreement governs the relationship between the parties involved must be considered. The existence of bilateral free trade agreements have been increasing in their use and in their benefits to the elimination to trade barriers and the payments of excise tariffs.
The following questions have been addressed in this article:What is the relationship between South Africa tariffs and the European Union?
In determining the use of electronic commerce and its impact on taxation issues, was a new system warranted to deal with this new medium?