Tag Archives: security

Securities Transfer Tax

Securities Transfer Tax

What is securities transfer tax? Security transfer tax is levied on every transfer of a security . It was implemented from 1 July 2007 under the Securities Transfer Tax Act, No.25 of 2007 and the Securities Transfer Tax Administration Act, No.26 of 2007. A security means any share or depository receipt in a company, or member’s interest in a close corporation. What exactly is securities transfer tax levied on? Every transfer of any security that is issued by a CC or a company incorporated within…

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