DO YOU KNOW THE ATO INTEREST RATE?

Late payment of your taxation liabilities will generally incur ATO General Interest Charges.

The interest rate is currently 8.73% per annum and will change to 8.70% from 1 October.

For further information and historical rates see the below ATO link:

https://www.ato.gov.au/Rates/General-interest-charge-(GIC)-rates/

 

Please contact Andrew Marshall or Janine Orpwood at Langley McKimmie Chartered Accountants on (03) 5427 8100 to discuss further.

We provide accounting and wealth management services to clients in Woodend, Gisborne and Macedon Ranges areas within Victoria Australia.