Company: KARO
Filing Date: 2025-06-09
Form Type: 20-F
Source: 0001213900-25-052372
Chunk: 148

Company: Karooooo Ltd.
Filing Date: 2025-06-09
Form: 20-F
Item: Item 10
Chunk 148
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 Chapter 312 of Singapore, stamp duty is payable on certain electronic instruments that effect a transfer of interest
in our ordinary shares, where such instruments are regarded or deemed to be executed in Singapore, or executed outside Singapore and received
in Singapore. In this regard, an electronic instrument that is executed outside Singapore is received in Singapore if (a) it is retrieved
or accessed by a person in Singapore; (b) an electronic copy of it is stored on a device (including a computer) and brought into Singapore;
or (c) an electronic copy of it is stored on a computer in Singapore.

On the basis that any transfer
instruments in respect of any interests in our ordinary shares (whether traded on Nasdaq or JSE) are executed outside Singapore through
the transfer agent(s), share registrar(s) and/or administrative depositary agent(s) in the United States and/or South Africa for registration
in our share register(s) and/or administrative depositary register(s) (including branch register(s) of members) maintained in the United
States and/or South Africa respectively, no stamp duty should be payable in Singapore on such transfers to the extent that the instruments
of transfer (including electronic instruments) are not received in Singapore and all electronic records and any information relating to
such transfers are not electronically received by persons in Singapore, stored on any server or device in Singapore or made accessible
to any person in Singapore.

Estate Duty

Singapore estate duty was abolished with respect to all
deaths occurring on or after February 15, 2008.

Goods and Services Tax (“ GST”)

The sale of our ordinary shares
by a GST-registered investor belonging in Singapore for GST purposes to another person belonging in Singapore is an exempt supply not
subject to GST. Any input GST incurred by the GST-registered investor in making an exempt supply is generally not recoverable from the
Singapore Comptroller of GST.

Where our ordinary shares are
sold by a GST-registered investor in the course of or furtherance of a business carried on by such investor contractually to and for the
direct benefit of a person belonging outside Singapore, the sale should generally, subject to satisfaction of certain conditions, be considered
a taxable supply subject to GST at 0%. Any input GST incurred by the GST-registered investor in making such a supply in the course of
or furtherance of a business may be fully recoverable from the Singapore Comptroller of GST. Investors should seek their own tax advice
on the recoverability of GST incurred