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South Africa Will Impose New Tax on Fast Fashion Parcels

London Stock Exchange Denies Lowering Standards to Win Shein IPO

Importers of low-value parcels destined for South Africa will soon pay value added tax, the country’s tax authority said, as an interim measure to protect a clothing industry facing fierce competition from international e-commerce players such as Shein.

The move follows other countries, including the European Union, which is discussing abolishing its duty-free limit as part of a customs reform.

The South African Revenue Service said on…


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