On 24 December 2020, the South African Revenue Service (SARS) announced the publication of Notices relating to the Economic Partnership Agreement (EPA) between the Southern African Customs Union (SACU) Member States and Mozambique and the United Kingdom of Great Britain (UK) and Northern Ireland.
The Notices relate to:
- General Notes in the General Notes to Schedule No.1 to the Customs and Excise Act, 1964, to give effect to the implementation of the EPA between the SACU Member States and Mozambique (SACU-M), of the one part, and the UK and Ireland on the other part, with effect from 01 January 2021;
- Insert Part E in the Schedule to the General Notes to the Act, 1964, to implement the Rules of Origin contained in Protocol 1 to the EPA between the SACU Member States and Mozambique (SACU-M), of the one part, and the UK and Ireland on the other part (to be gazetted in January 2021); and
- Insert Part 1C to Schedule No.10 to the Customs and Excise Act, 1964, to give effect to the implementation of the EPA between the SACU Member States and Mozambique (SACU-M), of the one part, and the UK and Ireland on the other part (to be gazetted in January 2021);
A copy of the Notice is available on request.
Story by: Riaan de Lange