Thursday 2018-08-16

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FSE&CC ENCOURAGES MEMBERS TO REGISTER CHALLENGES ON SEKULULA VAT SYSTEM

By Hlengiwe Ndlovu | 2018-02-13

THE Federation of Swaziland Employers and Chamber of Commerce (FSE&CC) has encouraged its members to register all challenges they have encountered with the Swaziland Revenue Authority’s Sekulula VAT refund system.

In a statement sent to members, FSE&CC promised that they would soon engage with SRA on this issue, thus advising members to be open with their comments and hiccups with this system.   

Changes to Sekulula VAT refund system affect both commercial and non-commercial importers.

scheduled

Some of the changes are effective immediately whilst others are scheduled for effect in December and February.

One of the changes is that invoices worth more than E10 000 must have a proof of payment attached to a claim form at the border in addition to usual claiming documents.

change

This change affects both commercial and non-commercial importers.

Furthermore, individuals who wish to import a vehicle must register with SARS and upon importation the declaration must bear the Swazi importer details in the ‘exporter’ field of the SAD500.

The changes also affect goods described as not being fit for personal use must be declared on SAD 500.

These include gifts, goods imported for resale or any other commercial exchange. In this case, importers must also register with SRA to obtain a Tax Identification Number.

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