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South Africa

Stamp duty

Stamp duty has been abolished with effect from 1 April 2009. Previously, stamp duty was payable on property leases of over five years.

Securities transfer tax

Securities transfer tax is charged on the transfer of listed and unlisted securities (on or after 1 July 2008), at the rate of 0.25% of the taxable

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amount (i.e. the purchase consideration unless a special rule applies) in respect of any transfer of a security.

Skills development levy

A skills development levy is payable by employers who have an annual payroll in excess of R500 000 at a rate of 1% of the total remuneration paid to employees. This is a compulsory levy scheme for the funding of education and training.

General fuel levy and Road Accident Fund levy

The general fuel levy and the Road Accident Fund levy are payable on the sale of petrol and diesel. No VAT is payable on fuel levy goods.

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