Examples of Securities Transfer Tax in a sentence
The Custody Entity deducts the Securities Transfer Tax from your Transaction Platform Account at the time the Transaction occurs.
The Custody Entity pays the Securities Transfer Tax as part of settlement obligations for Strate settlement processes which process facilitates your compliance with your obligations to the South African Revenue Services in this regard.
The buyer must also pay an extra tax to the government called Securities Transfer Tax on the transfer of YeboYethu Ordinary Shares.
You have no obligations to ensure that your Securities Transfer Tax is paid on any purchase as this is collectively the responsibility of the Custody Entity, Strate and the relevant JSE member.
In 1996, a specific tax dispensation for Securities Lending Arrangements (as currently defined in the Act) was made in the Act and the Stamp Duties Act (subsequently incorporated in the Securities Transfer Tax Act).