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]