Africa-Press – Eswatini. From January to June 2023, the government has collected at least E6 918 689.89 revenue from transactions related to property transfers.
Stamp duty is a tax that is levied on single property purchases or documents. A physical revenue stamp is to be attached to or impressed upon the document to show that stamp duty has been paid before the document becomes legally effective. Information gathered was that the total revenue collected during the whole of 2022/2023 financial year was E20 938 093 .13. According to the reports from the deeds registrar’s office, deeds of transfer for the first quarter of 2023/2024 were 175. It was reported that the number of the transfers had decreased when compared to the same period in the 2022/2023 financial year. Deeds of transfer were recorded at 357 in the first quarter of 2022. This indicated a decline of 182.
Meanwhile, the Deeds Registry for Swaziland (now Eswatini), as established under Section 3 of the Deeds Registry Act No. 37/1968 was up to and until the June 25, 1973 situated in Pretoria, South Africa. At its establishment in the country, all matters and records kept in the Pretoria Registry were brought to the country. The Deeds Registry Department fell under the portfolio of the Ministry of Justice and Constitutional Affairs. It is now under the Ministry of Natural Resources and Energy. The registry office has a mission to examine all deeds or other documents submitted for execution or registration, and, after examination execute or register them as by law permitted.
Preserve
The office also has a duty to take charge of and preserve all the records of the deeds registry in a document processing system that will provide an effective storage and retrieval system as well as maximum safety and security. The other obvious task is to collect revenue for the central government in the form of stamp duty, fees of office and search fees.
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