OrbitaxATO Publishes Quarterly General Interest Charge Rates and Shortfall Interest Charge Rates for Fourth Quarter of 2024-25, Increases Penalty Unit Amount
|Approved Changes|Australia
The Australian Taxation Office (ATO) has published the general interest charge (GIC) rates and shortfall interest charge (SIC) rates for the fourth quarter of the 2024-25 income year. For the quarter beginning 1 April 2025, the GIC annual rate is 11.17% and the SIC annual rate is 7.17%. The rates are down from the annual rates for the prior quarter beginning 1 January 2025, which are 11.42% and…
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