The Tax Office has advised the general interest charge (GIC) and shortfall interest charge (SIC) rates for the fourth quarter of the 2010–11 income year (ie 1 April 2011 to 30 June 2011):
|
Rate
|
Annual (%)
|
Daily (%)
|
|
GIC
|
11.92
|
0.03265753
|
|
SIC
|
7.92
|
0.02169863
|
