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Developments in the South African automotive industry creating optimism for manufacturing sector

The amended Automotive Production Development Programme (APDP) regulations, legislated in Schedule No.3 of the Customs and Excise Act, were released by the South African Revenue Service (SARS) just over a year ago, on 5 February 2021. The APDP is essentially South Africa’s long-term masterplan to grow the automotive industry. The production incentive scheme is aimed at creating an environment that enables registered light motor vehicle manufacturers to significantly grow production volumes...
South Africa South African Baker Mckenzie Af Cyril Ramaphosa Automotive Production Development Programme Industrialist Funda South African

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National Budget Speech 2022 – Highlights

Baker McKenzie's tax team in Johannesburg  analyse the South African National Budget Speech, delivered on Wednesday 23 February 2022 by Finance Minister Enoch Godongwana. The overview includes developments regarding corporate tax, international tax, VAT, carbon tax, as well as customs and excise, other indirect taxes, tax administration, and exchange control. In depth
South Africa South African Enoch Godongwana Tito Mboweni African National Budget Speech Baker Mckenzie

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