Page 56 - Nexia SAB&T Property & Tax Guide 2022

INTEREST RATES

EFFECTIVE DATE RATE
Late or underpayments of Tax
1 July 2020 7.75%
1 September 2020 7.25%
1 November 2020 7.00%
1 March 2022 7.25%
Fringe benefits – official rate of interest
1 August 2019 7.50%
1 February 2020 7.25%
1 April 2020 6.25%
1 May 2020 5.25%
1 June 2020 4.75%
1 August 2020 4.50%
1 December 2021 4.75%
1 February 2022 5.00%
Overpayments of tax
1 May 2020 5.75%
1 July 2020 3.75%
1 September 2020 3.25%
1 November 2020 3.00%
1 March 2022 3.25%
Prime Overdraft Rates
20 March 2020 8.75%
15 April 2020 7.75%
22 May 2020 7.25%
24 July 2020 7.00%
18 November 2021 7.25%
28 January 2022 7.50%
Prescribed Rate of interest (legal)
1 January 2022 7.25%
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