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 and Utilities (Network) Facilities Tax, Energy Industry Levy	Overdue Rates, Land Tax, Fire & Emergency Services Levy, City Centre Levy	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 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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