South African Revenue Service Updates Interest Rate Tables

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);
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