GIC and SIC Rates Released
The Tax Office has released the general interest charge (GIC) and shortfall interest charge (SIC) rates for the second quarter of the 2009/10 income year (ie 1 October 2009 to 31 December 2009):
Rate
Annual
(%)
Daily
(%)
GIC
10.30
SIC
6.30
0.01726027
The Tax Office has also released the interest rate for overpayments, early payments and delays in refund for the second quarter of the 2009/10 income year. The applicable interest rate is 3.30%.