Rates at which interest-free or low-interest loans are subject to income tax
Effective 1 June 2022 the official rate of interest” as defined in section 1(1) of the Income Tax Act 58 of 1962 (the Act) will increase to 5.75%.
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Table 3 – Rates at Which Interest-free or Low Interest Loans are Subject to Income Tax
- Individuals Tax
- SARS
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