1 Are You Vat Registered?
If you plan on importing goods regularly, it’ll save you a lot of money down the line if you’re VAT registered (being VAT registered allows you to claim back VAT as a normal trader).
In some cases, being VAT registered is mandatory (depending on the scope of the taxable earnings of your business), so do your research and find out if you fall into this category.
If you plan on selling the goods you import, it’s also worth getting an importer’s code. Find out more about this on the official SARS website.
2 Decide on the Most Suitable Shipping Method
When choosing the most suitable shipping method, there are 2 main factors to take into consideration:
1 – Time Frame: When do you need the goods by? What is the latest possible date you can receive delivery?
2 – Cost: Shipping methods vary in price. Where they’re being shipped from will also be a factor that comes in to play, so do your research and make sure you know what the implications are concerning the destination of origin.
3 Are Your Goods Restricted?
Make sure you know whether or not there are restrictions around the particular goods you plan on importing. If so, you may require a permit. The International Trade Administration of SA (ITAC) is responsible for the issuing of such permits – contact them directly for more information in this regard.
4 Know Your Regulations
What is the size of the package you’re importing? Does Duty apply? South African import regulations stipulate that personal gifts, for example, cannot be greater in value than R400. Certain goods require specific documentation to be cleared at customs, so this is something else should definitely research before placing your shipping request.
If you have any questions, concerns or uncertainties, contact Calco Cargo to find out the bests way to import your goods. We’ll make sure that – whatever it is, wherever it’s coming from and wherever it’s going – it’ll get there safely.