GIC and SIC rates change

The ATO has advised that the general interest charge (GIC) rate, shortfall interest charge (SIC) and related rates, for the second quarter of the 2017-18 income tax year (October to December 2017 inclusive) are as follows: GIC and SIC rates change GIC annual rate is 8.70% GIC daily compounding rate is 0.02383562%. SIC annual rate is

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