The South African Revenue Service (SARS) recently published an updated interest rate Table 3 regarding the official interest rate for the taxation of interest-free or low-interest loans, which is reduced from 8.75% to 8.50% with effect from 1 February 2025. A taxable benefit (fringe benefit) arises if an employee incurs a debt in favor of the employer, any other person by arrangement with the employer, or an associated institution in relation to the employer, if no interest is payable or if …