Imported goods are subject to customs duties and a 15% VAT rate based on their value, which must be paid to Sars.

Q4 2024 Results Conference Call September 19, 2024 4:30 PM ETCompany ParticipantsLawrence Tan - Chairman and Chief ...

The Biden administration's plan to close a tariff loophole threatens Amazon and Walmart's strategy to compete with Chinese ...

While there is debate over whether Section 321 of the Trade Facilitation and Trade Enforcement Act helps the U.S. or gives ...

Measures tightening customs waivers on low-value shipments of foreign goods going directly to U.S. consumers may undercut ...

New White House rules would close a tax loophole that lets Shein and Temu cheaply ship from China to American shoppers. The ...

As U.S. businesses struggle with inflationary pressures, Chinese online retailers Shein and Temu are gaining marketshare among American consumers despite accusations they sell substandard products ...

Low-value and small-volume orders of clothing from Temu and Shein will start getting slapped with higher taxes from next month, Business Times reports. The Foshini Group (TFG) CEO Anthony ...

Shein said its orders do not benefit from any favourable tax treatment compared to other offline or online retailers. Although Temu did not respond to our request for comment, it previously ...

Ricky Mulvey: Let's move on to the owner of Temu. Pinduoduo, had a rough day. The Chinese e-commerce firm, it's an agricultural SaaS platform, which I didn't know. It shed $55 billion in market ...

Temu is known for its cheap items. However, sometimes low prices come at a cost. For example, one TikTok user claimed that their attempt to buy Disney-themed socks off the app led to them owning a ...