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ATO Publishes Quarterly General Interest Charge Rates and Shortfall Interest Charge Rates for Fourth Quarter of 2024-25, Increases Penalty Unit Amount

21 March 2025

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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 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 7.42% 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 back...