Official Rate of Interest

Official Rate of Interest

2018-12-11
Official Rate of Interest

The official rate of interest has been increased from 7.5% to 7.75% with effect from 1 December 2018. Some of the implications are dealt with below. There has not yet been announced any increase in the rates of interest payable to or by SARS in respect of income tax and VAT late payments and refunds.

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