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Important Tax Update: GIC and SIC Interest Charges No Longer Deductible from 1 July 2025
From 1 July 2025, ATO interest charges like GIC and SIC are no longer tax-deductible. If you’ve delayed paying tax debts thinking deductions would soften the blow, think again. Every dollar of interest is now a direct cost—making it more expensive to postpone payments.
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ctax25 |
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ctaxsydney03@aol.com |
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09-Sep-2025 06:26 am |
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