The ATO has released the General Interest Charge (GIC) and Shortfall interest charge (SIC) rates for the third quarter of 2017-18 covering Jan- March 2018. They are:

  • GIC annual rate – 8.72%
  • GIC daily rate – 0.02389041%.
  • SIC annual rate – 4.72%.
  • SIC daily rate – 0.01293151%.

[ATO website: GIC, SIC; LTN 233, 5/12/17; Tax Month Dec 2017]

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