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 will be reduced from 10.25% to 10.00% effective from 1 July 2018. For credit amounts, the interest rate will be reduced from 6.25% to 6.00% effective from 1 July 2018.