Description
Course 1: Duties, VAT and Excise on Imports and Exports
This course covers:
- How to accurately calculate import tax
- Accurately using the tariff book (Schedules 1-8)
- How to determine the SARS value on which duty is charged (as opposed to the invoice value)
- Using the SARS rate of exchange
- How to legally prevent, reduce or delay duties and VAT
- How to use the trade agreement to increase cash flow
- VAT on exports – when can it be legally zero-rated and when penalties may be charged
- When and how to pay, not pay, or delay excise tax
- And the new South African export duties
Included in the course:
- Case studies of import tax calculations.
- Real classroom footage of training by an industry expert.
- Excerpts from the tariff book and interpretation documents.
- Resources and notes to download and use for calculations on future imports.
- An online assessment consisting of 25 questions.
Course 2: An in-depth look at Incoterms® 2020, and how to use Incoterms in your import and export sales contracts.
This course covers:
- An overview of the Incoterms® 2020 rules according to the ICC structure
- A drill-down of the advantages and disadvantages of each Incoterms rule
- Explanations of technical trade terms related to Incoterms
- Pitfalls to avoid in using each Incoterm
- How Incoterms integrate with various forms of international payment
- Practical steps for choosing the best Incoterms for your sales contracts
- Practical steps for quoting using Incoterms
- Practical steps for writing an Incoterm into a sales agreement
- The various documents of trade and, based on Incoterms, which party must supply them
Included in the course:
- Real classroom footage of Incoterms® 2020 training by an industry expert.
- Excerpts and case studies based on real international sales contracts.
- Resources and notes to download and use for future imports and exports.
- An online assessment consisting of 25 questions.
Course 3: Understanding HS Codes and tariff code determination for the sake of customs declaration.
This course covers:
- A basic understanding of the Harmonized Commodity Description and Coding System on an international and South African level.
- Insight into the South African Tariff Book, its content and structure.
- Interpreting a commodity based on its HS Code.
- The steps of HS Code determination for the sake of correctly declaring goods.
- Applying the General Rules of Interpretation written by the World Customs Organisation.
Included in the course:
- A real-life tariff code determination process.
- Real classroom footage of training by an industry expert.
- Excerpts from the tariff book and interpretation documents.
- Resources and notes to download and use for HS Code determination.
- An online assessment consisting of 25 questions.
