Updated Interest Rate Tables for January
SARS has published updated tables of interest rates.
These tables provide the average interest rates applicable to various tax matters, as follows:
- Table 1 – Interest rates on outstanding taxes and interest rates payable on certain refunds of tax;
- Table 2 – Interest rates payable on credit amounts; and
- Table 3 – Rates at which interest-free or low-interest loans are subject to income tax.