On 28 September 2017, the South African Revenue Service published updated rate tables for interest charged on outstanding taxes, duties and levies and those payable in respect of refunds of tax on successful appeals and certain delayed refunds, as well as for interest payable on credit amounts (overpayment of provisional tax). For overdue taxes and refunds, the interest rate is 10.50% for the period 1 July to 31 October 2017 and will be reduced to 10.25% from 1 November. For credit amounts, …