Business Tax Penalties and Interest

The penalty structure for all business taxes and fees for tax years 2020 and prior, and Business Registration Renewal 2021 and prior, can be found here. All other Business tax filings and payments received or postmarked after the deadline are generally subject to penalties and fees specified under Section 6.17-1.1

  1. A late payment penalty equal to the fee or tax multiplied by the penalty percentage as described in the table below;
  2. Interest accruing at 1% per month on the amount that remains unpaid; and
  3. An administrative fee of $55.
Payment Received AfterPayment Received By
Penalty Percentage
Due dateOne month after due date5% (0.05)
One month after due dateTwo months after due date10% (0.10)
Two months after due dateThree months after due date15% (0.15)
Three months after due dateFour months after due date20% (0.20)
Four months after due dateN/A25% (0.25)

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Tax Years 2020 and Prior, and Business Registration Renewal 2021 and Prior

The penalty structure for all business taxes and fees for tax years 2020 and prior, and Business Registration Renewal 2021 and prior for business tax filings and payments received or postmarked after the deadline are generally subject to penalties and fees as follows:

  1. A late payment penalty equal to the fee or tax multiplied by the penalty percentage as described in the table below;
  2. Interest accruing at 1% per month on the amount that remains unpaid; and
  3. An administrative fee of $55.
Payment Received AfterPayment Received By
Penalty Percentage
Due dateOne month after due date5% (0.05)
One month after due dateTwo months after due date10% (0.10)
Two months after due dateThree months after due date15% (0.15)
Three months after due dateN/A40% (0.40)