Interest

Late or non-payment of duties and taxes may result in interest being charged on the outstanding amount.  Further information about interest is available in Revenue Circular - Interest GEN009.1 [RTF, 425Kb], [PDF, 442Kb].  

The following table lists the interest type and rates for overdue debts, deferred debts and refunds administered by the ACT Revenue Office.    

Period

Overdue Duty, return taxes, FHOG
and Utilities (Network) Facilities Tax, Energy Industry Levy

Overdue Rates, Land Tax, Land Rent,
Fire & Emergency Services Levy, City Centre Levy

Deferred Rates and Duty

Refunds from overpayments (interest may apply)

Interest Type

simple daily

compound monthly e.g. 16 July to 15 August

simple daily

simple daily 

Amount Type

overdue debts

overdue debts

deferred debts

overpayment

1 January 2017 - 30 June 2017 9.76% 9.76% 1.76% 1.76%
1 July 2016 - 31 December 201610.01%10.01%2.01%2.01%
1 January - 30 June 201610.22%10.22%2.22%2.22%
1 July - 31 December 201510.15%10.15%2.15%2.15%
1 January - 30 June 201510.75%10.75%2.75%2.75%
1 July - 31 December 201410.69%10.69%2.69%2.69%
1 January - 30 June 201410.59%10.59%2.59%2.59%
1 July - 31 December 201310.82%10.82%2.82%2.82%
1 January - 30 June 201311.24%11.24%3.24%3.24%
1 July -31 December 201211.66%11.66%3.66%3.66%
1 January - 30 June 201212.62%12.62%4.62%4.62%
1 July -31 December 201113.00% 13.00%5.00% 5.00% 

1 January -30 June 2011

13.02%13.02%5.02%5.02%
1 July -31 December 201012.80%12.80%4.80%4.80%

1 January -30 June 2010

11.95%11.95%3.95%3.95%

1 July -31 December 2009

11.13%

11.13%

3.13%

3.13%

1 January -30 June 200912.76%

12.76%

4.76%

4.76%

1 July -31 December 2008

15.75%

15.75%

7.75%

7.75%

1 January - 30 June 2008

15.15%

15.15%

7.15%

7.15%

1 July -31 December 2007

14.37%

14.37%

6.37%

6.37%

1 January - 30 June 2007

14.37%

14.37%

6.37%

6.37%

1 July -31 December 2006

13.87%

13.87%

5.87%

5.87%

1 January - 30 June 2006

13.63%

13.63%

5.63%

5.63%

1 July - 31 December 2005

13.68%

13.68%

5.68%

5.68%

1 January -30 June 2005

13.43%

13.43%

5.43%

5.43%

1 July -31 December 2004

13.51%

13.51%

5.51%

5.51%

1 January - 30 June 2004

13.31%

13.31%

5.31%

5.31%

1 July -31 December 2003

12.78%

12.78%

4.78%

4.78%

1 January - 30 June 2003

12.84%

12.84%

4.84%

4.84%

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