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Australia Updates Quarterly General Interest Charge Rates and Shortfall Interest Charge Rates for the 2019–20 Income Year — Orbitax Tax News & Alerts

The Australian Taxation Office has updated the general interest charge (GIC) rates and shortfall interest charge (SIC) rates for the 2019–20 Income Year. For GIC, the annual rate for July to September 2019 is 8.54% and the annual rate for October to December 2019 is 7.98%. For SIC, the annual rate for July to September 2019 is 4.54% and the annual rate for October to December 2019 is 3.98%.

Click the following links for the GIC rate tables and the SIC rate tables, which also provides the daily rates and the historical rates.