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News & Press: SARS News & Tax Administration

Tables of interest rates

03 February 2016   (0 Comments)
Posted by: Author: SARS
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Author: SARS

The South African Reserve Bank announced a "repo rate" change on 28 January 2016. 

Please click here to view updated rates at which interest-free or low interest loans are subject to income tax (1 February 2016).


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Section 240A of the Tax Administration Act, 2011 (as amended) requires that all tax practitioners register with a recognized controlling body before 1 July 2013. It is a criminal offense to not register with both a recognized controlling body and SARS.

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