Bhekisizwe has a refund of R600 outstanding for five months from SARS for the current year of assessment. SARS credited her account with R6 interest, and she now has a total refund of R606 owed to her by SARS. She wants to know if the interest credit is an error.

Question

Answer

SARS will reverse the interest credit and only pay Neo the R600 refund owed to her.

Answer

The interest credit is not an error as SARS pays interest on outstanding refunds so Bhekisizwe is entitled to the interest.

Answer

SARS only charges interest on outstanding accounts and does not pay interest on out­standing re­funds.

Answer

The interest credit is an error as SARS does not pay interest on outstanding refunds.

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Bhekisizwe has a refund of R600 outstanding for five months from SARS for the cu...

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