GIC and SIC rates for June 2014 quarter
The ATO has released the June 2014 quarter rates for the General Interest Charge (GIC) and the Shortfall Interest Charge (SIC) as follows:
|GIC annual rate||9.63%|
|GIC daily rate||0.02638356%|
|SIC annual rate||5.63%|
|SIC daily rate||0.01542466%|
Also, the Interest rate on Overpayments, Interest rate on Early Payments and Delayed Refunds Interest rate is 2.63%.