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News & Press: SARS News & Tax Administration

Trade Statistics for July 2013

02 September 2013   (0 Comments)
Posted by: Author: SARS Legal and Policy
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Author: SARS Legal and Policy

The South African Revenue Service (SARS) released trade statistics for July 2013 that record a trade deficit of R14.21 billion.

The R14.21 billion deficit for July 2013 can be attributed to exports of R75.69 billion and imports of R89.89 billion.

Exports increased from June to July by R7.45 billion (10.9%) and imports increased from to June to July by R13.97 billion (18.4%). 

The cumulative deficit for 2013 is R89.37 billion compared to R59.02 billion in 2012.

To view the entire media release please click here:


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.


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.

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