General Interest Charge (GIC) rates

The ATO’s charges interest for late payment of income tax, fringe benefits tax, goods and services tax, and pay as you go taxes.

 The General Interest Charge rates are updated quarterly for the next quarter. 

The rates for the current quarters are:

Quarter GIC annual rate
October – December 2019 7.98 %
July – September 2019 8.94%

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