GIC & SIC Rates

The Tax Office has also released the general interest charge (GIC) and shortfall interest charge (SIC) rates for the first quarter of 2009/2010 income year (i.e. 1 July 2009 to 30 September 2009):

Rate

Annual

(%)

Daily

(%)

GIC

10.13

0.02775342

SIC

6.13

0.01679452