Income Tax Act, 1962 (Act No. 58 of 1962)
Chapter II: The Taxes
Part I : Normal Tax
7E. Time of accrual of interest payable by SARS
In determining the taxable income derived by any person during a year of assessment, any amount of interest to which a person becomes entitled that is payable by SARS in terms of a tax Act is deemed to accrue to that person on the date on which that amount is paid to that person.
[Section 7E inserted by section 7(1) of the Taxation Laws Amendment Act, 2017 (Act No. 17 of 2017)]