The ATO has published the 2016 June quarter rates for the General Interest Charge (GIC) and the Shortfall Interest Charge (SIC):
| GIC annual rate | 9.28% |
| GIC daily rate | 0.02535519% |
| SIC annual rate | 5.28% |
| SIC daily rate | 0.01442623% |
| Please Note:
Many of the comments in this publication are general in nature and anyone intending to apply the information to practical circumstances should seek professional advice to independently verify their interpretation and the information’s applicability to their particular circumstances. |
