GIC and SIC Rates Released
The Tax Office has released the general interest charge and shortfall interest charge rates for the second quarter of the 2009/10 income year (ie 1 October 2009 to 31 December 2009):
|
Rate |
Annual (%) |
Daily (%) |
|
GIC |
10.30 |
|
|
SIC |
6.30 |
0.01726027 |
The Tax Office has also released the interest rate for overpayments, early payments and delays in refund for the second quarter of the 2009/10 income year. The applicable interest rate is 3.30%.











