Do your Tax with TaxTim and WIN R10,000  More info   T&C's apply


Interest on debt with SARS?



Kirsten says:
2 June 2015 at 7:44

If I owe Money to SARS. How do SARS calculate the interest on the money that I owe to SARS

TaxTim TaxTim says:
3 June 2015 at 6:57

They take the SARS official rate of interest for whatever period it is you owe them and use that to calculate it.

This entry was posted in Tax Q&A and tagged . Bookmark the permalink.




Do your Tax Return in 20 minutes or less!

TaxTim will help you:

 Do Your Tax Return Easily
 Avoid penalties
 Maximise your refund

Tim uses your answers to complete your income tax return instantly and professionally, with everything filled in in the right place.

Let Tim submit your tax return direct to SARS in just a few clicks!

Get started

Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →

Get SARS Tax Deadlines in your Inbox
We'll tell you when you need to file, along with tax tips and updates.