Independent journal on economy and transport policy
01:24 GMT+2
Customs drops interest rates
(Cargo Info Africa - Freight & Trading Weekly)
April 27, 1999
THE DROP in national interest rates has filtered through to the government's customs and revenue departments. Interest on outstanding amounts has been dropped by both sections. Under the Customs and Excise Act of 1964, interest on outstanding duty payable has remained at 19%. This has now been reduced to 16%. In terms of the VAT Act of 1991, outstanding amounts ...... Read more on Cargo Info Africa - Freight & Trading Weekly
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