7.98% GIC and 3.98% SIC for October to December 2019 Quarter – very low ‘base rate’
On 3.9.2019, the ATO released advice as to the ‘base rate’ that will apply to the forthcoming Quarter (October – December 2019) and thus ‘Shortfall Interest Charge’ (SIC) which adds a 3% uplift, and the General Interest Charge (GIC) which adds a 7% uplift. See below for details. FJM 4.9.19 [Tax Month – September 2019]…