Suspension of Duty and VAT through Mid Year Fiscal Policy Review July 2009

Reduced Customs Duty on Raw Materials, Intermediate and Gapital goods

The Ministry of Finance has reduced customs duty rates on raw materials, intermediate and capital goods, with effect from the 1st August 2009, as follows:

Reduced Customs Duty on Finished Input Goods

With effect from the 1st of August 2009, Customs Duty on finished goods has been as follows:

Reduced Customs Duty on Basic Consumer Goods

Duty-free importation og defined basic commodities has been further extended to the 31st of December 2009. The basic commodities to enjoy duty free importation are as follows: cooking oil, margarine, rice, flour, salt, mealie meal, bath and laundry soap, washing powder, toothpaste and petroleum jelly.

This development comes with opportunities to import the said items for SMEs.