GIC & SIC No Longer Deductible from 1 July: What You Need to Know

From 1 July 2025, GIC and SIC will no longer be tax deductible. If you’re advising clients with tax debt—or you’re carrying ATO debt yourself—this matters. It means the cost of falling behind with the ATO just got higher. A lot higher. The Change Right now, GIC and SIC are deductible. From 1 July 2025, […]