The Tax Office has advised that the General Interest Charge (GIC) and Shortfall Interest Charge (SIC) rates for the 4th quarter of the 2012-13 financial year (ie 1 April 2013 to 30 June 2013) are as follows:
- GIC annual rate is 9.95%;
- GIC daily compounding rate is 0.02726027%;
- SIC annual rate is 5.95%; and
- SIC daily compounding rate is 0.01630137%.
[LTN 45, 7/3/13]