Print Page   |   Report Abuse
News & Press: SARS News & Tax Administration

SARS Media Release – South African Trade Statistics for June 2013

02 August 2013   (0 Comments)
Posted by: Author: SARS Legal and Policy
Share |

Author: SARS Legal and Policy

On the 31st of July 2013 The South African Revenue Service (SARS)  released trade statistics for June 2013 that record a trade deficit of R7.71 billion.

Summary

The R7.71 billion deficit for June 2013 can be attributed to exports of R68.21 billion and imports of R75.92 billion.

Exports increased from May to June by R2.24 billion (3.4%) and imports decreased from May to June by R1.58 billion (-2.0%). 

The cumulative deficit for 2013 is R75.94 billion compared to R51.58 billion in 2012.  

To view the full media release including a table that summarizes the statistics, click here:


WHY REGISTER WITH SAIT?

Section 240A of the Tax Administration Act, 2011 (as amended) requires that all tax practitioners register with a recognized controlling body before 1 July 2013. It is a criminal offense to not register with both a recognized controlling body and SARS.

MINIMUM REQUIREMENTS TO REGISTER

The Act requires that a minimum academic and practical requirments be set to register with a controlling body. Click here for the minimum requirements of SAIT.

Membership Management Software Powered by YourMembership  ::  Legal