TAX ADVISORIES

Official SARS Interest Rates - 2018

1. OUTSTANDING TAXES
The official interest rate for calculation of outstanding taxes has been amended, the "official" rate of interest:
01.07.2018       Until change in PFMA* rate     10%










2. FRINGE BENEFITS
The official interest rate for calculation of Low or Interest Free Loans Fringe Benefits has been amended, the "official" rate of interest over the past year has been:
01.11.2017
30.06.2018
10.25% 
01.07.2018
Until change in PFMA* rate
10.00%