Revised interest rates under the DDTA
1 May 2020
Pursuant to LN 167 of 2020 interest under the Duty on Documents Act, save as otherwise expressly provided, shall apply at the rate of 0.33% for every 30 days or part thereof.
Interest chargeable in terms of article 35(4)(ii) of the Act (declaration causa mortis) shall apply at the rate of 4% per annum.
These amendments apply retroactively as of 1 January 2020.