Interest rates for mineral land tax and the mine inspection fee
Last updated on April 16, 2024
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We determine interest rates for mineral land tax and the mine inspection fee on a quarterly basis each year. Here is an explanation of the table below.
Bank rate
The interest rate posted by financial institutions for that month.
Receivable rate (%)
The interest rate you are charged on your overdue balance.
Payable Rate (%)
The interest rate we use to credit interest if you made an overpayment.
| Ending period | Bank rate (%) |
Receivable rate (%) |
Payable rate (%) |
| 2024 | |||
| 31-Dec-24 | |||
| 30-Nov-24 | |||
| 31-Oct-24 | |||
| 30-Sep-24 | |||
| 31-Aug-24 | |||
| 31-Jul-24 | |||
| 30-Jun-24 | |||
| 31-May-24 | |||
| 30-Apr-24 | |||
| 31-Mar-24 | 5.25 | 10.20 | 5.20 |
| 29-Feb-24 | 5.25 | 10.20 | 5.20 |
| 31-Jan-24 | 5.25 | 10.20 | 5.20 |
| 2023 | |||
| 31-Dec-23 | 5.25 | 10.20 | 5.20 |
| 30-Nov-23 | 5.25 | 10.20 | 5.20 |
| 31-Oct-23 | 5.25 | 10.20 | 5.20 |
| 30-Sep-23 | 5.25 | 9.95 | 4.95 |
| 31-Aug-23 | 5.25 | 9.95 | 4.95 |
| 31-Jul-23 | 5.25 | 9.95 | 4.95 |
| 30-Jun-23 | 5.00 | 9.70 | 4.70 |
| 31-May-23 | 4.75 | 9.70 | 4.70 |
| 30-Apr-23 | 4.75 | 9.70 | 4.70 |
| 31-Mar-23 | 4.75 | 9.45 | 4.45 |
| 28-Feb-23 | 4.75 | 9.45 | 4.45 |
| 31-Jan-23 | 4.50 | 9.45 | 4.45 |
| 2022 | |||
| 31-Dec-22 | 4.50 | 8.45 | 3.45 |
| 30-Nov-22 | 4.00 | 8.45 | 3.45 |
| 31-Oct-22 | 3.50 | 8.45 | 3.45 |
| 30-Sep-22 | 3.50 | 6.70 | 1.70 |
| 31-Aug-22 | 2.75 | 6.70 | 1.70 |
| 31-July-22 | 2.75 | 6.70 | 1.70 |
| 30-June-22 | 1.75 | 5.70 | 0.70 |
| 31-May-22 | 1.25 | 5.70 | 0.70 |
| 30-Apr-22 | 1.25 | 5.70 | 0.70 |
| 31-Mar-22 | 0.75 | 5.45 | 0.45 |
| 28-Feb-22 | 0.50 | 5.45 | 0.45 |
| 31-Jan-22 | 0.50 | 5.45 | 0.45 |
| 2021 | |||
| 31-Dec-21 | 0.50 | 5.45 | 0.45 |
| 30-Nov-21 | 0.50 | 5.45 | 0.45 |
| 31-Oct-21 | 0.50 | 5.45 | 0.45 |
| 30-Sep-21 | 0.50 | 5.45 | 0.45 |
| 31-Aug-21 | 0.50 | 5.45 | 0.45 |
| 31-July-21 | 0.50 | 5.45 | 0.45 |
| 30-June-21 | 0.50 | 5.45 | 0.45 |
| 31-May-21 | 0.50 | 5.45 | 0.45 |
| 30-Apr-21 | 0.50 | 5.45 | 0.45 |
| 31-Mar-21 | 0.50 | 5.45 | 0.45 |
| 29-Feb-21 | 0.50 | 5.45 | 0.45 |
| 31-Jan-21 | 0.50 | 5.45 | 0.45 |
| 2020 | |||
| 31-Dec-20 | 0.50 | 5.45 | 0.45 |
| 30-Nov-20 | 0.50 | 5.45 | 0.45 |
| 31-Oct-20 | 0.50 | 5.45 | 0.45 |
| 30-Sep-20 | 0.50 | 5.45 | 0.45 |
| 31-Aug-20 | 0.50 | 5.45 | 0.45 |
| 31-July-20 | 0.50 | 5.45 | 0.45 |
| 30-June-20 | 0.50 | 5.95 | 0.95 |
| 31-May-20 | 0.50 | 5.95 | 0.95 |
| 30-Apr-20 | 0.50 | 5.95 | 0.95 |
| 31-Mar-20 | 1.00 | 6.95 | 1.95 |
| 29-Feb-20 | 2.00 | 6.95 | 1.95 |
| 31-Jan-20 | 2.00 | 6.95 | 1.95 |
| 2019 | |||
| 31-Dec-19 | 2.00 | 6.95 | 1.95 |
| 30-Nov-19 | 2.00 | 6.95 | 1.95 |
| 31-Oct-19 | 2.00 | 6.95 | 1.95 |
| 30-Sep-19 | 2.00 | 6.95 | 1.95 |
| 31-Aug-19 | 2.00 | 6.95 | 1.95 |
| 31-July-19 | 2.00 | 6.95 | 1.95 |
| 30-June-19 | 1.75 | 6.95 | 1.95 |
| 31-May-19 | 1.75 | 6.95 | 1.95 |
| 30-Apr-19 | 1.75 | 6.95 | 1.95 |
| 31-Mar-19 | 1.75 | 6.95 | 1.95 |
| 28-Feb-19 | 1.75 | 6.95 | 1.95 |
| 31-Jan-19 | 1.75 | 6.95 | 1.95 |
| 2018 | |||
| 31-Dec-18 | 1.75 | 6.70 | 1.70 |
| 30-Nov-18 | 1.75 | 6.70 | 1.70 |
| 31-Oct-18 | 1.75 | 6.70 | 1.70 |
| 30-Sep-18 | 1.50 | 6.45 | 1.45 |
| 31-Aug-18 | 1.75 | 6.45 | 1.45 |
| 31-July-18 | 1.75 | 6.45 | 1.45 |
| 30-June-18 | 1.50 | 6.45 | 1.45 |
| 31-May-18 | 1.50 | 6.45 | 1.45 |
| 30-Apr-18 | 1.50 | 6.45 | 1.45 |
| 31-Mar-18 | 1.50 | 6.20 | 1.20 |
| 28-Feb-18 | 1.50 | 6.20 | 1.20 |
| 31-Jan-18 | 1.50 | 6.20 | 1.20 |
| 2017 | |||
| 31-Dec-17 | 1.25 | 6.20 | 1.20 |
| 30-Nov-17 | 1.25 | 6.20 | 1.20 |
| 31-Oct-17 | 1.25 | 6.20 | 1.20 |
| 30-Sep-17 | 1.25 | 5.70 | 0.70 |
| 31-Aug-17 | 1.00 | 5.70 | 0.70 |
| 31-July-17 | 1.00 | 5.70 | 0.70 |
| 30-June-17 | 0.75 | 5.70 | 0.70 |
| 31-May-17 | 0.75 | 5.70 | 0.70 |
| 30-Apr-17 | 0.75 | 5.70 | 0.70 |
| 31-Mar-17 | 0.75 | 5.70 | 0.70 |
| 28-Feb-17 | 0.75 | 5.70 | 0.70 |
| 31-Jan-17 | 0.75 | 5.70 | 0.70 |