In September 2020, the ATO announced the ‘base rate’ for the October – December 2020 Quarter, upon which the GIC, SIC and Interest on Overpayments are based. The base rate is 0.10% per annum.

See below for further details.

[Tax Month – September 2020]

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About the author

John Morgan

John Morgan is a tax specialist lawyer of more than three decades experience now practicing at the Victorian Bar - w: www.FJMtax.com e: f.john.morgan@vicbar.com.au