GIC and SIC Rates for the 2016 September Quarter
The ATO has published the 2016 September quarter rates for the General Interest Charge (GIC) and the Shortfall Interest Charge (SIC):
| GIC annual rate | 9.01% |
| GIC daily rate | 0.02461749% |
| SIC annual rate | 5.01% |
| SIC daily rate | 0.01368852% |
“Disclaimer: The information is through NTAA”
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If you realize that now is the time to get your accounts in order, we invite you to call Hart Partners today on Phone (03)9600 3220 Mobile: 0413 222 922 Fax (03) 9376 3507 or email us paula@www.hartpartners.com.au.
We can help you to meet your obligations to the Australian Tax Office, while at the same time ensuring that you claim every deduction to which you are entitled.
| 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. |