The South African Revenue Service (SARS) has published updated interest rate tables dated 27 January 2023, 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 9.75% to 10.50% with effect from 1 March 2023 (previously increased from 9.00% to 9.75% from 1 January 2023); and ….
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