I recently received a notice stating that a General Interest Charge (GIC) has been applied, effective 28 February 2025 and processed on 3 March 2025.
My 2024 tax liability was finalised for the period ending 30 June 2024, and I paid the full amount on 24 September 2024, which was before the due date of 21 November 2024.
As I made my payment on time, I am unsure why a GIC has been imposed. Do I get to request a remission?
Hi @celinek,
Generally, GIC may be imposed where:
You may be able to look at your ATO profile in myGov to see what/why the GIC has been imposed. I'd check to see if it relates to your FY2024 return or not.
I've linked Remission of interest charges info.
Hi @celinek,
Generally, GIC may be imposed where:
You may be able to look at your ATO profile in myGov to see what/why the GIC has been imposed. I'd check to see if it relates to your FY2024 return or not.
I've linked Remission of interest charges info.
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