| Rate | Current | Where it applies |
|---|---|---|
| Interest on underpayment | 11.75% | Tax paid late, including provisional shortfalls |
| Interest on overpayment | 7.75% | Refunds owed to you, in limited circumstances |
| Official rate of interest | 8.25% | Fringe benefit on a low-interest employee loan |
| Prescribed rate, general | 11.75% | Judgment debts and various statutory calculations |
| From | Underpayment | Overpayment | Official rate |
|---|---|---|---|
| 2026 | 11.75% | 7.75% | 8.25% |
| 2025 | 11.25% | 7.25% | 7.75% |
| 2024 | 11.75% | 7.75% | 8.75% |
| 2023 | 10.50% | 6.50% | 8.25% |
| 2022 | 7.75% | 3.75% | 4.75% |
| 2021 | 7.00% | 3.00% | 4.50% |
| Amount owed | One month late | Six months late | Twelve months late |
|---|---|---|---|
| R10,000 | R98 | R588 | R1,175 |
| R50,000 | R490 | R2,938 | R5,875 |
| R100,000 | R979 | R5,875 | R11,750 |
| R250,000 | R2,448 | R14,688 | R29,375 |
Data maintained by TradeAnswers · updated as the figures change