And more pressure from SAFLIA on SA Government to control Temu, Shein
Published: 3rd Jun 2024
Umhlanga, KZN, SA - Online retailers Temu and Shein are undercutting local retailers in part because they’re not paying all the tax on products they should be, SAFLIA executive director Jirka Vymĕtal said on Friday.
“Investigating their products, we discovered that SARS has a standard import duty on small parcels of 20%,” he said. “The minimum duty on footwear is 30%.
“On top of that, there’s no VAT. So the government is losing 25% in tax, and local retailers are being undercut by the same amount. Urgent intervention is needed.”
Tags: SAFLIA, Jirka Vymĕtal