Securities Transfer Tax Act, 2007 (Act No. 25 of 2007)

7. Tax recoverable from person to whom security is transferred
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(1)In the case of a listed security, a member or participant may recover the amount of the tax payable by that member or participant in respect of the transfer of that security from the person—
(a)to whom that security is transferred; or
(b)that cancels or redeems that security.

 

(2)In the case of an unlisted security, the company which issued that security may recover the amount of tax payable by that company in respect of the transfer of that security from the person to whom that security is transferred.