What is the penalty if an operator fails to pay the monthly payment or file a quarterly tax return on time?
• Any operator who fails to remit any tax imposed within the time required, shall pay a penalty of 10 percent of the amount of the tax in addition to the amount of the tax. • Any operator, who fails to remit any delinquent remittance on or before a period of 30 days following the date on which the remittance first became delinquent shall pay a second delinquency penalty of ten percent of the amount of the tax and the ten percent penalty first imposed. • In addition to the penalties imposed, any operator who fails to remit any tax imposed shall pay interest at the rate of 1.5 percent per month or fraction thereof on the amount of the tax, exclusive of penalties, from the date on which the remittance first became delinquent, until paid.
Related Questions
- The builder has failed to make payment of tax in time and is required to pay interest and penalty thereon. Whether the buyer will have to pay the same to the builder?
- What is the late payment penalty if I do not pay any outstanding tax balance when I file my tax extension?
- What is the penalty for failure to file, failure to pay, or late filing and payment?
