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]

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