Interest on early payments and overpayments of tax 2013

This fact sheet covers:

• entitlements to interest on early payments and overpayments of tax, and
• how to calculate your interest on an early payment.

Who is entitled to interest on early payments and overpayments?

Warning:

This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

End of attention

The interest arrangements apply to individuals, taxable trusts, companies and superannuation funds.

Interest is only payable if it is 50 cents or more.

This fact sheet relates only to individuals and taxable trusts. It does not cover interest entitlements for companies, superannuation funds, corporate unit trusts and public trading trusts.