South Africa Reduces Interest Rates on Outstanding Taxes, Refunds, and Credit Amounts
The South African Revenue Service has published an updated rate table for interest charged on outstanding taxes, duties, and levies, and interest rates payable in respect of refunds of tax on successful appeals and certain delayed refunds, as well as an updated rate table for interest payable on credit amounts (overpayment of provisional tax). For overdue taxes and refunds, the interest rate …
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