北京赛车pk10冠亚组合:SPECIAL ECONOMIC ZoneS (SEZ)
- ?21 February 2018 - 2018 Budget announcement
The Minister of Finance to approve six special economic zones for tax relief. More information will be made available.
What is Special Economic Zones (SEZs)
Special Economic Zones (SEZs) within South Africa are geographically designated areas of country set aside for specifically targeted economic activities to promote national economic growth and export by using support measures to attract foreign and domestic investments and technology.?
Categories of SEZs that may be designated as such by the Minister of Trade and Industry
- Free ports;
- Free Trade Zones (FTZs);
- Industrial Development Zones (IDZs); and
- Sector Development Zones (SDZs)
Transition of current IDZs
In terms of the transitional provisions of Section 39 of the SEZ Act, 2014, all IDZs in operation before 9 February 2016 will by law convert to SEZs.? Any existing IDZ Operator must ensure that the IDZ complies with the framework regulating SEZs in terms of the SEZ Act, 2014, within three (3) years of commencement of the SEZ Act, 2014.
Customs controlled areas
An SEZ or any part thereof may be designated as a Customs controlled area.? There may be more than one (1) Customs controlled area within a single SEZ.? These areas are controlled by Customs to the extent for those activities that require registration or licensing in terms of the Customs and Excise Act, 1964 and only the premises where these activities are executed will be controlled by Customs.? Customs controlled area Enterprises are premises permanently located within a Customs controlled area where activities that require registration or licensing with Customs are executed and controlled by Customs.
Registration of an SEZ and licensing of SEZ Enterprises
北京赛车pk10技巧 www.zzff8.com For more on registration of an SEZ or licensing of a Customs controlled area Enterprise, click here.
- Goods of any description imported by a registered Customs controlled area Enterprise into the Customs controlled area may be imported under rebate item 498.01.
- Goods of any description imported by a registered SEZ Operator for use in the construction and maintenance of the infrastructure of a Customs controlled area in an SEZ may be imported under rebate item 498.02. Infrastructure is limited to the basic structural elements permanently installed in a Customs controlled area, e.g. sanitation, electricity, roads, bridges and buildings.
- Goods may be entered under any rebate item of Schedule 3 by a Customs controlled area Enterprise as contemplated in rule 21A.01 and registered in terms of such item, provided:
- The Customs controlled area Enterprise complies with:
To access this page in different languages click on the links below: