Deferment Account Cash-Flow Calculator

Deferment is SARS's "clear first, pay later" scheme: instead of paying duty and VAT before each shipment is released, an approved importer defers payment for up to 30 days and settles one monthly statement, with a further 7 days to pay. Shipments clear faster because customs isn't waiting for a payment per entry.

You must already be a registered customs client (importer code). You apply on forms DA 650 and DA 652 through SARS's Registration, Licensing and Accreditation (RLA) system, stating the total duty-and-VAT limit you need. SARS sets a security amount, and you lodge a bond or guarantee for it — usually from a bank or insurer.

SARS determines the surety per applicant, tied to the deferment limit you request. The bond or guarantee is the real cost of the scheme — banks and insurers typically charge an annual percentage of the guaranteed amount — which is why the decision is a cash-flow calculation, not automatic.

Usually only once your monthly duty-and-VAT bill is substantial. Below roughly R50,000 a month the interest saved on the deferred cash often doesn't clear the guarantee fee. Many smaller importers use their clearing agent's deferment facility instead — the agent clears on their account and bills you.