Company: KARO
Filing Date: 2025-06-09
Form Type: 20-F
Source: 0001213900-25-052372
Chunk: 149

Company: Karooooo Ltd.
Filing Date: 2025-06-09
Form: 20-F
Item: Item 10
Chunk 149
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 on expenses in connection with the purchase and sale of our ordinary shares.

Services consisting of arranging,
brokering, underwriting or advising on the issue, allotment or transfer of ownership of our ordinary shares rendered by a GST-registered
person to an investor belonging in Singapore for GST purposes in connection with the investor’s purchase, sale or holding of our
ordinary shares will be subject to GST at the standard rate of 9.0%. Similar services rendered by a GST registered person contractually
to and for the direct benefit of an investor belonging outside Singapore should generally, subject to the satisfaction of certain conditions,
be subject to GST at 0%.

South African Tax Considerations

The following summary describes
the principal South African income tax considerations generally applicable to the acquisition, holding and disposal of the Company’s
ordinary shares.

This summary is based on the
current provisions of the South African Income Tax Act No. 58 of 1962 (“ Income Tax Act”), and the prevailing practice adopted
by the South African Revenue Service (“ SARS”), published in writing prior to the date hereof. This summary does not consider
legislative proposals to amend the Income Tax Act. This summary is of a general nature only and is not intended to be legal or tax advice
to any particular shareholder. This summary is not exhaustive of all South African income tax considerations. Accordingly, shareholders
should consult their own tax advisors as to the tax consequences under the tax laws of the country of which they are resident or otherwise
subject to tax.

As used in this registration statement,
the term “ SA Corporate” means a person in section 64F(1)(a) of the Income Tax Act being “a company which is a resident”
for tax purposes in South Africa.

As used in this registration statement, the term “ Regulated
Intermediary” means a regulated intermediary as contemplated in section 64D of the Income Tax Act.

For tax years ending before March
31, 2023, the Corporate Income Tax rate applicable to the corporate income of both resident and non-resident companies is 28%. This rate
has been reduced to 27% with effect for years of assessment ending on or after March 31, 2023.

SA Tax Resident Shareholders

SA Tax Resident Shareholders (i. e.
shareholders of the Company who are subject to income tax in South Africa on their worldwide income) will initially be reflected in the
administrative depositary share register in South Africa and will not hold their shares through D