If there was a delay in processing a refund and it was deemed to be SARS’s fault, they might pay interest on the outstanding amount. The interest rate was determined by the Commissioner for SARS and was typically based on the official interest rate set by the South African Reserve Bank.
If a VAT refund is not paid within 21 business days, SARS will have to pay interest, at the prescribed rate, on the amount that is refundable.
Please note that tax regulations and policies can change over time, so it’s important to consult the official SARS website or contact SARS directly for the most up-to-date and accurate information regarding refund policies and interest payments.
How long does SARS take to pay a refund?
What happens when SARS owes you money?
Why is SARS not paying refunds?
How do I know when SARS will refund me?
How do I get my SARS refund?
How do I know if my refund is issued?