The Tax Office has advised that the General Interest Charge (GIC) and Shortfall Interest Charge (SIC) rates for the 3rd quarter of the 2013-14 financial year (ie 1 January 2013 to 31 March 2014) are as follows:

  • GIC annual rate is 9.59%;
  • GIC daily compounding rate is 0.02627397%;
  • SIC annual rate is 5.59%; and
  • SIC daily compounding rate is 0.01531507%.

[LTN 237, 6/12/13]

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