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General interest charge and shortfall interest charge – a new ATO “penalty?”

Saveen Mathews March 11, 2024

After 1 July 2025, taxpayers will no longer be able to claim a deduction for general interest charge (GIC) and shortfall interest charge (SIC), incurred in the 2025-2026 income year.

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General interest charge and shortfall interest charge – a new ATO “penalty?”

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