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What is the sales tax and occupational license tax penalty and interest rate?

April 26, 2017Interest rate license Occupational penalty tax

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What is the sales tax and occupational license tax penalty and interest rate?

2 Answers

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The delinquent penalty is 5% for each month or fraction thereof and increases by 5% on the 1st day of each month to a maximum of 25%. The interest is 1.25% per month or fraction thereof and increases by 1.25% on the 1st day of each month until paid.

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The delinquent penalty is 5% for each month or fraction thereof and increases by 5% on the 1st day of each month to a maximum of 25%. The interest is 15% per annum calculated on a daily basis until paid.