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ATO Publishes Quarterly General Interest Charge Rates and Shortfall Interest Charge Rates for First Quarter of 2024-25

03 July 2024

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Approved Changes

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Australia

The Australian Taxation Office (ATO) has published the general interest charge (GIC) rates and shortfall interest charge (SIC) rates for the first quarter of the 2024-25 income year. For the quarter beginning 1 July 2024, the GIC annual rate is 11.36% and the SIC annual rate is 7.36%. The rates are up slightly from the annual rates for the prior quarter beginning 1 April 2024, which are 11.34% and 7.34% for GIC and SIC, respectively. Click the following links for the GIC rate tables and the SIC rate tables, which also provide the daily rates and the historical rates going...