Revenue Nsw Interest Rate

0 1 7 20 to 31 12 20 7 1 1 21 to 30 6 21.

Revenue nsw interest rate. However you still must pay transfer duty on any land the business holds. For example taxpayers who exercise reasonable care and voluntarily disclose their tax liability as soon as they know will have less interest and or penalty tax imposed than those who do not. The interest rate for 2013 14 is 9. Interest rate for 2013 14.

Ipart has announced that the rate peg will be 2 for 2021 2022. 8 sep 2020 2021 2022 rate pegging limit. The interest rate for 2020 2021 is. The interest rate for 2020 2021 is.

Welcome to the nsw revenue professionals website advancing professionalism in rating revenue for nsw local government we hope our website will be a valuable tool in meeting the objectives of our organisation. Interest and penalty tax. In accordance with section 566 3 of the act it has been determined that the maximum rate of interest payable on overdue rates and charges for the period 1 july 2020 to 31 december 2020 inclusive will be 0 0 per annum and that the maximum rate of interest payable on overdue rates and charges for the period 1 january 2021 to 30 june 2021 inclusive will be 7 0 per annum. 0 1 7 20 to 31 12 20 7 1 1 21 to 30 6 21.

Use the total rate of interest. Late or non payment of duties and taxes may result in interest being charged on the outstanding amount. Interest and comparison rates calculated for a loan term of 5 years. The following table lists the interest type and rates for overdue debts deferred debts and refunds administered by the act revenue office.

23 may 2020 2020 2021 interest rate. Receive a 200 credit to your loan account when you apply through finder by 30 november 2020. The interest rate can be found on the office of state revenue s website. Further information about interest is available in revenue circular gen009 4.

The level of interest and penalty tax applied should match the degree of culpability of the taxpayer. From 1 july 2016 the nsw government abolished transfer duty on the sale of business assets including intellectual property goodwill and statutory licences.