South African Revenue Service (SARS) is set to implement new tax regulations for clothing parcels imported from online retailers Shein and Temu, effective July 1, 2024. This move aims to create a more level playing field for local businesses and increase government revenue.

Why the Tax Increase?

Previously, smaller clothing orders (below R500) from Shein and Temu benefited from lower import duties compared to larger ones. This created an advantage for these online giants, as many of their products fall within this price range. Local retailers, however, have to pay a higher import duty on all their clothing regardless of price.

According to SARS, the new regulation ensures all clothing imports, irrespective of value, are taxed equally. This fosters a fairer business environment and protects domestic industries.

How Will This Affect Consumers?

The new tax structure will mean an increase in the overall price of clothing items purchased from Shein and Temu, especially for smaller orders. Here’s a breakdown of what to expect:

• Increased Import Duty: Previously, orders below R500 attracted a lower import duty. Now, all clothing parcels will be subject to a 45% import duty.
• Impact on Final Price: This duty increase, along with Value Added Tax (VAT), will lead to a price hike for consumers. For instance, a R120 order might now cost around R166.75 due to the additional tax.

FAQs

• When will the new tax come into effect? The new tax regulations will be implemented on July 1, 2024.
• How much more will I pay? The exact increase will depend on the original price of your order. However, you can expect a price hike of around 39% for orders previously below R500.
• Will this affect other online retailers? Yes, any online retailer importing clothing into South Africa will be subject to the new tax regulations.

Conclusion

The increased tax on Shein and Temu is likely to impact consumer behavior. While some may choose to absorb the extra cost, others might shift towards local retailers or explore alternative online shopping options. The long-term effects of this policy remain to be seen, but it signifies the South African government’s efforts to support domestic businesses and generate additional tax revenue.

Ackermans, a South African favorite for clothing, homeware, and more, has made shopping a breeze with their user-friendly online platform. Whether you’re looking for the latest fashion trends, browsing for essential home items, or simply want the convenience of shopping from home, Ackermans Online has you covered. But to unlock the full potential of online shopping at Ackermans, you’ll need an account. This guide will walk you through the simple process of creating your Ackermans Online account, getting you ready to shop with ease in just a few steps.

ALSO READ: How to Sign Up for Pick n Pay Online Shopping Account

How To Create Ackermans Online Account?

You can easily create an Ackermans online account in just a few steps:

1. Visit the Ackermans website: https://www.ackermans.co.za/
2. Click on “Login & Register”.
3. Click on “Register”.
4. Fill out the registration form with your personal details, including:
   • First Name
   • Last Name
   • Cellphone Number
   • Email Address
   • Decide if you want to sign up for their latest deals and promotions (optional)
5. Create a secure password.
6. Click “Create Profile” to finalize your online account.
7. You will receive an email to verify your account.
8. Login to Ackermans online and start shopping.

What Is Ackermans Online?

Ackermans Online is the virtual extension of the popular South African clothing and homeware retailer, Ackermans. It allows you to browse their selection of products and make purchases from the comfort of your home through their website [https://www.ackermans.co.za/]. Here’s a breakdown of what Ackermans Online offers:

• Shopping Convenience: Shop 24/7 from a wide variety of clothing, footwear, accessories, homeware, and more. You can browse the latest trends, check out their current specials (https://www.ackermans.co.za/products/promotions), and filter your search by category, size, color, and other preferences.
• Delivery Options: Once you’ve selected your items, you can choose to have them delivered to your doorstep for a fee or pick them up at a nearby Ackermans store for free (subject to availability).
• Account Management: Create an online account to manage your orders, track deliveries, view your purchase history, and save your preferences for a faster checkout process. You can also sign up for their loyalty program to earn discounts and rewards.
• Payment Options: Ackermans Online offers secure payment options like credit card, debit card, and Ackermans store card for a smooth and safe shopping experience.

Conclusion

In conclusion, Ackermans Online provides a convenient alternative to in-store shopping, allowing you to shop at your own pace and take advantage of online promotions and delivery options.

Image Courtesy: www.ackermans.co.za