South Africa Increases Interest Rates for Outstanding Taxes Payable and Overpayments

The South African Revenue Service (SARS) has published updated interest rate tables dated 20 July 2026, 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 10.25% to 10.50% with effect from 1 September 2026 (previously reduced from 10.50% to 10.25% from 1 March 2026); and
• Table 2 - Interest rates payable on credit amounts (over…