SARS incurred R3.5 billion losses from online retailers Shein, Temu - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

SARS News

SARS incurred R3.5 billion losses from online retailers Shein, Temu - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.
Online Retailers

SARS says it's closely monitoring Chinese online retailers Shein and Temu.

  • 📰 SABCNews
  • ⏱ Reading Time:
  • 8 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 51%

The South African Revenue Service says it’s closely monitoring Chinese online retailers Shein and Temu. This after it emerged that they have been using tax loopholes to undercut South African competitors.

Shein and Temu are accused of abusing the rule of getting clothing parcels under R500 through customs with a 20% import duty and no value-added tax.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

SABCNews /  🏆 37. in AU
 

Australia Australia Latest News, Australia Australia Headlines



Render Time: 2025-01-19 08:25:14