Revised interest rates under the DDTA

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.