The Australian Taxation Office (ATO) has published the general interest charge (GIC) rates and shortfall interest charge (SIC) rates for the fourth quarter of the 2021-22 income year. For the quarter beginning 1 April 2022, the GIC annual rate is 7.07% and the SIC annual rate is 3.07%. The rates are up from the annual rates for the prior quarter beginning 1 January 2022, which are 7.04% and 3.04% for GIC and SIC, respectively.
Click the following links for the GIC rate tables and the SIC r…