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 [RTF, 382Kb], [PDF, 129Kb].
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 |
Overdue Rates, Land Tax, |
Overdue Land Rent |
Deferred Rates and Duty |
Refunds from overpayments (interest may apply) |
|---|---|---|---|---|---|
|
Interest Type |
simple daily |
compound monthly e.g. 16 July to 15 August |
simple monthly |
simple daily |
simple daily |
|
Amount Type |
overdue debts |
overdue debts |
overdue debts |
deferred debts |
overpayment |
| 1 January - 30 June 2013 | 11.24% | 11.24% | 11.24% | 3.24% | 3.24% |
| 1 July -31 December 2012 | 11.66% | 11.66% | 11.66% | 3.66% | 3.66% |
| 1 January - 30 June 2012 | 12.62% | 12.62% | 4.62% | 4.62% | 4.62% |
| 1 July -31 December 2011 | 13.00% | 13.00% | 5.00% | 5.00% | 5.00% |
|
1 January -30 June 2011 |
13.02% | 13.02% | 5.02% | 5.02% | 5.02% |
| 1 July -31 December 2010 | 12.80% | 12.80% | 4.80% | 4.80% | 4.80% |
|
1 January -30 June 2010 |
11.95% | 11.95% | 3.95% | 3.95% | 3.95% |
|
1 July -31 December 2009 |
11.13% |
11.13% |
3.13% |
3.13% |
3.13% |
| 1 January -30 June 2009 | 12.76% |
12.76% |
4.76% |
4.76% |
4.76% |
|
1 July -31 December 2008 |
15.75% |
15.75% |
7.75% |
7.75% |
7.75% |
|
1 January - 30 June 2008 |
15.15% |
15.15% |
not applicable |
7.15% |
7.15% |
|
1 July -31 December 2007 |
14.37% |
14.37% |
not applicable |
6.37% |
6.37% |
|
1 January - 30 June 2007 |
14.37% |
14.37% |
not applicable |
6.37% |
6.37% |
|
1 July -31 December 2006 |
13.87% |
13.87% |
not applicable |
5.87% |
5.87% |
|
1 January - 30 June 2006 |
13.63% |
13.63% |
not applicable |
5.63% |
5.63% |
|
1 July - 31 December 2005 |
13.68% |
13.68% |
not applicable |
5.68% |
5.68% |
|
1 January -30 June 2005 |
13.43% |
13.43% |
not applicable |
5.43% |
5.43% |
|
1 July -31 December 2004 |
13.51% |
13.51% |
not applicable |
5.51% |
5.51% |
|
1 January - 30 June 2004 |
13.31% |
13.31% |
not applicable |
5.31% |
5.31% |
|
1 July -31 December 2003 |
12.78% |
12.78% |
not applicable |
4.78% |
4.78% |
|
1 January - 30 June 2003 |
12.84% |
12.84% |
not applicable |
4.84% |
4.84% |
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