he South African Revenue Service (SARS) has published updated interest rate tables dated 13 September 2022, 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 increased from 8.25% to 9.0% with effect from 1 November 2022 (previously increased from 7.75% to 8.25% from 1 September 2022);
- ….
Source Orbitax
Latest Posts in "South Africa"
- South Africa’s E-Invoicing and Real-Time VAT: Transforming Tax Compliance and Business Transparency
- South Africa Raises Public Officials’ Pay as VAT Hike to 16% Approaches in 2026
- South Africa VAT 2026: Sars Intensifies Enforcement as Businesses Face Heightened Legal Risks
- SARS VAT Ruling: Approved Apportionment Methods for Home Shopping Retailer’s Mixed Supplies
- South Africa Faces Record VAT Debt Crisis, Personal Liability and Criminal Charges Loom for Non-Compliance
