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Interest on late refund from SARS?

Posted 12 November 2014

In response to your blog entry "What?%u20AC%u2122s the delay with getting my SARS Refund?". When and how does SARS become liable to pay interest on late refund payments? Surely there must be a mechanism to keep SARS honest when it comes to keeping our money and delaying our refunds?

TaxTim TaxTim says:
12 November 2014 at 9:49

Unfortunately there is no interest earned on refunds as they fall within the SARS process. Interest accrues when money is overpaid to SARS upfront - so like a provisional overpayment or VAT overpayment.

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