ATO Increase General Interest Charge For Sep 2010 Qtr
Posted on June 24th, 2010 in Tax general
The ATO has just announced an increas in their general interest charge (GIC) from 11.16 for the June 2010 quarter to 11.80% for the September 2010 quarter.
Note that the GIC compounding rate now extends to most taxes, including:
- income tax
- fringe benefits tax
- goods and services tax
- pay as you go.
For more details vitist the ATO here.
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