What are the penalties for not paying the tax?
A. Failure to file and/or pay gross receipts taxes in a timely manner, generally payable on or before the 20th day of each month for the immediately preceding month, may subject the tax due to additional penalty and interest charges. The Failure to Timely File penalty is 5% of the tax required to be paid. The Failure to Timely Pay penalty is 1% of the tax required to be paid. Interest is due at the rate of 0.5% per month.
