The South Carolina Department of Revenue (DOR) has announced a reduction in the interest rate on eligible tax refunds for the fiscal year 2025-2026 by three percentage points. Effective from Jan. 1, 2025, to March 31, 2026, the interest rate for tax underpayments and overpayments will be 7 percent. [S.C. Dep’t of Revenue, Information Letter No. 25-22, 11/19/25]
This story was produced by Bloomberg Tax Automation, and edited by Bloomberg Tax staff.
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