ATO Publishes Quarterly General Interest Charge Rates and Shortfall Interest Charge Rates for Third Quarter of 2024-25
The Australian Taxation Office (ATO) has published the general interest charge (GIC) rates and shortfall interest charge (SIC) rates for the third quarter of the 2024-25 income year. For the quarter beginning 1 January 2025, the GIC annual rate is 11.42% and the SIC annual rate is 7.42%. The rates are up from the annual rates for the prior quarter beginning 1 October 2024, which are 11.38% and …
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