Overview

Have you ever come across the concept of "preference" in international trade? It's like rolling out the red carpet for certain products based on their place of origin. When your products comply with the origin rules outlined in a Trade Agreement, it opens the door to reduced tariffs, more relaxed import quotas, and advantageous trade terms.

To put it simply, adhering to the origin criteria in an agreement grants your product a "preference." This means you'll be paying lower tariffs compared to goods that don't meet these qualifications.

Embarking on a journey to explore the significance of Rules of Origin and learning how to effectively navigate their criteria can be an informative experience. In this webinar, we will delve into the benefits that Rules of Origin offer and provide practical guidance on successfully navigating their criteria.

Join our webinar, as we dive into the details, guiding you on how to leverage these benefits to your advantage.

Webinar Content

• Unpacking the Agreement on Implementation of Article VII of the General Agreement on Tariffs and Trade (GATT) 1994, also known as the WTO Customs Valuation Agreement.
• Why is a customs value necessary?
• Is the customs value used for any other purpose other than import duty?
• How to source the correct legislation covering the customs valuation?
• How is customs value calculated as well as the various methods of customs valuation, in descending order of precedence?
• Commentary analysis on the Customs value of imported goods.

Competencies developed in this webinar

• Gain an eloquent understanding of the various international agreements in place that govern the calculation and valuation of customs.
• Understand the purpose of customs valuation and where else these values can be applied.
• Obtain insights into the latest accurate customs legislation.
• Acquire the ability to practically implement the six stages of customs valuation in their descending order of precedence.
• Comprehend the Customs Valuation Database and how SARS makes use of it to reduce the likelihood of incorrect valuations or fraud.

Presenter

Sipho Mhaga

Customs and Excise Senior Manager: Indirect Taxes

Sipho Mhaga is a Senior Manager – Customs & Excise at SNG Grant Thornton. He has over 19 years’ experience in Customs and Excise environment,  Sipho joined the firm in 2023 and before that he spent13 years in the Oil & Gas Industry working for Total Energies, advising business and NBE subsidiaries,  conducing training on customs and excise compliance. He represented Total Energies at SAPIA “petroleum industry body” with engagements with National Treasury, DMRE, SARS and revenue authorities in the BNE countries. He also spent 6 years working for SARS Customs and Excise division as Audit Specialist and advisor to policy department for legislation amendments.

He has bookkeeping training and audit articles Sithole CA (SA) Incorporated.

CPD

Attending this webinar and the successful completion of the online assessment will secure a certificate of completion for 1 hour of Tax CPD.

Event Investment

Free for Tax Practitioner, Tax Accountant CPD subscribers and Practice Packages. Not a CPD subscriber yet? Click here to register now.

• Regular price:  R230.00
• Special rate for SAIT members:  R184.00
• Group booking discounts available when you register for a group.

Payments and cancellations

• All payments must be made by EFT or by credit card, at least three working days before commencement of an event.
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• Only written notice of cancellation will be recognized.
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  • If the cancellation occurs more than four working days prior to the event no cancellation fee will be charged.
  • If the cancellation occurs less than four working days prior to the event, a 100% cancellation fee will apply.
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