South African Institute for Drug Free Sport Act, 1997
R 385
International Trade Administration Act, 2002 (Act No. 71 of 2002)RegulationsAutomotive Production and Development Programme (APDP) RegulationsPart D - Calculation of the CSP for VAA purposes17. CSP and calculation thereof |
| 17.1 | In terms of Note 7.1(c) to Rebate Item 317.03 of Schedule 3 to the Customs Act, the CSP is a percentage that is calculated by ITAC and is used by SARS in the calculation of the VAA. |
| 17.2 | The CSP is: |
| 17.2.1 | In the case of vehicles built for the local market, the difference between the recommended retail list price (“RRLP”) and the dealer’s invoice price (selling or invoice price by the OEM exclusive of VAT, ad valorem excise duty and environmental levy), plus market related expenditure, expressed as a percentage of the RRLP; or |
| 17.2.2 | In the case of vehicles exported, the market related expenditure expressed as a percentage of the dealer’s invoice price (selling or invoice price by the OEM). |
| 17.3 | In terms of Note 7.1(c) to Rebate Item 317.03 of Schedule No. 3 to the Customs Act, the CSP will be calculated by ITAC as provided for in APDP Info Doc B. ITAC will provide the calculated percentage to SARS, which will apply the percentage to determine the VAA for each registered light motor vehicle manufacturer. |
