Updated Interest Rate Tables for January

SARS has published updated tables of interest rates.

Copy of Table 3 Interest Rate on Fringe Benefit – 02.2023

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.

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