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TAXPAYER SERVICES DIVISION | PENALTY AND INTEREST | | | | | |
CORPORATION INCOME TAX | | Corporate: | Interest - 1 percent per month or fractional part thereof on any unpaid tax from the due date until paid in full Late Payment Penalty - ½ of 1 percent per month Late Filing Penalty - 5 percent per month Note: The combined total of the penalty for late filing of return and penalty for failure to pay tax shown on a return cannot exceed 25 percent of the tax shown on a return. | | Corporate Net Worth: | Interest - 1 percent per month or fractional part thereof on any unpaid tax from the due date until paid in full Late Payment Penalty - 10 percent Late Filing Penalty - 10 percent NOTE: The combined total of the penalty for late filing of return and penalty for failure to pay tax shown on a return cannot exceed 20 percent of the tax shown on a return. | | Corporate Estimate: | | | | |
INDIVIDUAL INCOME TAX | | Interest: | 1 percent per month or fractional part thereof on any unpaid tax from the due date until paid in full. A filing extension or an installment payment agreement does not give relief from late payment penalty or interest. | | Late Filing Penalty: | Penalty for late filing of return 5 percent of the tax shown on the return for each month or fractional part thereof, up to 25 percent. | | Late Payment Penalty: | 1/2 of 1 percent of the tax due for each month or fractional part thereof, up to 25 percent.
Note: The combined total of the penalty for late filing of return and penalty for failure to pay tax shown on a return cannot exceed 25 percent of the tax shown on a return. | | Frivolous Return Penalty: | $1,000. A frivolous return is one that: (1) does not contain information needed to compute the correct tax or the information shown on the return reflects a substantially incorrect tax; and (2) the conduct described in item (1) was done to delay or impede the administration of Georgia Tax Laws or is based on a position that is frivolous. | | Negligent Underpayment Penalty: | 5 percent of the underpayment. | | Fraudulent Underpayment Penalty: | 50 percent of the underpayment. | | Failure to File Estimated Tax Penalty: | 9 percent per year for the period of underpayment. Form 500 UET is available upon request for computation of penalty on underestimated installments. | | | |
MOTOR FUEL | | Distributor : | Failure to File Report Penalty - $50 for each such failure. False or Fraudulent Return Penalty - 50 percent of tax due. Failure to Pay Tax Penalty - 10 percent of the amount due until paid in full. Interest - 1 percent per month or fractional part thereof on any unpaid tax from the due date until paid in full. | | IFTA Motor Carrier : | Failure to File a Return Penalty - $50 or 10 percent of delinquent taxes, whichever is greater. Late Filing Penalty - $50 or 10 percent of delinquent taxes, whichever is greater. Underpayment Penalty - $50 or 10 percent of delinquent taxes, whichever is greater. Interest - 1 percent per month or fractional part thereof on any unpaid tax from the due date until paid in full. NOTE: When a licensee fails, neglects, or refuses to file an IFTA quarterly tax report, the DOR will create an assessment for the tax delinquency, penalty and interest based on the best information available, including the licensee's filing history. In the absence of adequate records, a standard of four (4) miles per gallon will be used to determine fuel consumption and miles or kilometers traveled in each jurisdiction. The burden of proof remains with the licensee to show that the basis of the assessment is incorrect. | | | | SALES & USE TAX | | Interest: | 1 percent per month or fractional part thereof on any unpaid tax from the due date until paid in full. | | Late Filing Penalty: | 5 percent of the tax due or $5, whichever is greater, for each tax type on the delinquent return for each month or fraction thereof that the return is delinquent up to 25 percent or $25, whichever is greater.
NOTE: Sales tax returns are considered timely filed if postmarked by the twentieth of the month following the close of the reporting period. All returns filed after that date are subject to penalty. | | | WITHHOLDING TAX | | Interest: | 1 percent per month or fractional part thereof on any unpaid tax from the due date until paid in full. | | Late Payment Penalty: | $25 plus 5 percent per month or fractional part thereof on any unpaid tax up to 25 percent plus $25. | | Underpayment Penalty: | $25 plus 5 percent per month or fractional part thereof on any unpaid tax up to 25 percent plus $25. | | Failure to File Penalty: | $25 plus 5 percent per month or fractional part thereof on any unpaid tax up to 25 percent plus $25. | | Failure to Pay via Electronic Funds Transfer : | (if required) - 10 percent of the tax due will be applied to the amount of tax due. | | Failure to Withhold Penalty: | $10 quarterly for each employee to whom the failure to file applies. | | Fraudulent Withholding Receipt: | $50 for each such receipt. | | | |
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