Penalties and interest are due if tax returns are not filed and taxes paid by the due date. Penalties and interest are charged as follows:
Penalties
1 day – 1 month overdue – 9 percent ($5 minimum)
Over 1 month – 2 months overdue – 19 percent ($5 minimum)
More than 2 months overdue – 29 percent ($5 minimum)
Interest
2019- 4 percent
2018- 3 percent
2017 - 3 percent
2016 – 2 percent
2015 – 2 percent
2014 – 2 percent
2013 – 2 percent
2012 – 2 percent
2011 – 3 percent
2010 – 3 percent
2009 – 5 percent
2008 – 7 percent
2007 – 7 percent
2006 – 5 percent