The South African Revenue Service (SARS) has published updated interest rate tables dated 7 January 2025, including:
- Table 1 - Interest rates charged on outstanding taxes, duties, and levies and interest rates payable in respect of refunds of tax on successful appeals and certain delayed refunds, which is reduced from 11.50% to 11.25% with effect from 1 March 2025 (previously reduced from 11.75% to 11.50% from 1 January 2025); and
- Table 2 - Interest rates payable on credit amounts (overpa…