GIC and SIC rate for June 2014 quarter

No Comments

The ATO has released the June 2014 quarter rates for the General Interest Charge (GIC) and the Shortfall Interest Charge (SIC) as follows:

GIC annual rate 9.63%
GIC daily rate 0.02638356%
SIC annual rate 5.63%
SIC daily rate 0.01542466%

Also, the Interest rate on Overpayments, Interest rate on Early Payments and Delayed Refunds Interest rate is 2.63%.

 

* * * Disclaimer: The information is sourced from NTAA. * * *
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 circumstances.

Previous Post
Overtime Meals Allowance
Next Post
Small Business Panel to Boost ATO Expertise

Leave a Reply

Your email address will not be published.

Fill out this field
Fill out this field
Please enter a valid email address.
You need to agree with the terms to proceed

Menu