For the purposes of Section 12B of the Income Tax Act, the market interest rate has been set at 8%. This rate applies for the months of January, February, and March 2026.
Deemed Interest Rate Under Section 16(2) (ja) of the Income Tax Act, the prescribed rate of interest is 8% for January, February, and March 2026. A withholding tax of 15% on the deemed interest must be deducted and remitted to the Commissioner within five working days.
Low Interest Benefit In line with Section 5(2A), the prescribed rate of interest is 8%. This rate applies for the months of January through June 2026.
PUBLIC NOTICES – 22/01/2026
Commissioner for Micro & Small Taxpayers
