Company: KARO
Filing Date: 2025-06-09
Form Type: 20-F
Source: 0001213900-25-052372
Chunk: 147

Company: Karooooo Ltd.
Filing Date: 2025-06-09
Form: 20-F
Item: Item 10
Chunk 147
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 a shareholder, regardless
of whether the shareholder is a company or an individual and whether or not the shareholder is a Singapore tax resident.

Gains on Disposal of our Ordinary Shares

Singapore does not impose tax on capital gains.
There are no specific laws or regulations which deal with the characterization of whether a gain is income or capital in nature. Gains
arising from the disposal of our ordinary shares may be construed to be of an income nature and subject to Singapore income tax, especially
if they arise from activities which the IRAS regards as the carrying on of a trade or business in Singapore. In any event, gains arising
from the disposal of our ordinary shares by a non-resident person that does not carry on any trade or business in Singapore and does not
have any permanent establishment in Singapore for Singapore tax purposes should not be subject to tax in Singapore where such gains are
not received or deemed to be received in Singapore.

Holders of our ordinary shares
who apply, or who are required to apply, the Singapore Financial Reporting Standard (“ FRS”) 39, FRS 109 or Singapore Financial
Reporting Standard (International) 9 (“ SFRS(I) 9”) (as the case may be) may for the purposes of Singapore income tax be required
to recognize gains or losses (not being gains or losses in the nature of capital) in accordance with the provisions of FRS 39, FRS 109
or SFRS(I) 9 (as modified by the applicable provisions of Singapore income tax law) even though no sale or disposal of our ordinary shares
is made.

Holders of our ordinary shares
who may be subject to this tax treatment should consult their accounting and tax advisers regarding the Singapore income tax consequences
of their acquisition, holding and disposal of our ordinary shares.

Stamp Duty

Where our ordinary shares evidenced
in certificated form are acquired in Singapore, stamp duty is payable on the instrument of their transfer at the rate of 0.2% of the consideration
for, or market value of, our ordinary shares, whichever is higher.

Stamp duty is borne by the purchaser
unless there is an agreement to the contrary. Where an instrument of transfer is executed outside Singapore or no instrument of transfer
is executed, no stamp duty is generally payable on the acquisition of our ordinary shares. However, stamp duty may be payable if the instrument
of transfer is executed outside Singapore and is received in Singapore.

Pursuant to recent amendments
to the Stamp Duties Act,