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Home > News > South Africa implements a three-year defense tax on imported steel screws, bolts and hexagon nuts

South Africa implements a three-year defense tax on imported steel screws, bolts and hexagon nuts

2020-08-05
According to the latest announcement of the International Trade Administration Commission of South Africa (ITAC), from July 24, 2020, except for certain developing countries, which may obtain exemption (such as: Brazil, Mexico, Russia, Indonesia, Thailand, Turkey, Vietnam The ad valorem defense tax will be imposed on steel screws, Bolts and hexagon Nuts (Customs Code: 7318.15.41, 7318.15.42 and 7318.16.30) imported into South Africa. China is also in the affected countries.

The three-stage defense tax rates are as follows:

Stage I: 54.04% (2020 / 07 / 24-2021 / 07 / 23)

Stage II: 52.04% (2021 / 07 / 24-2022 / 07 / 23)

Stage 3: 50.04% (2022 / 07 / 24-2023 / 07 / 23)