Late-Filing Penalties
Income tax
If you file your income tax return late, you are liable to a 5% penalty on the balance not paid by the filing deadline for the return.
You are also liable to an additional 1% penalty for every full month your return is late (maximum of 12 months).
Filing deadlines
- Late-filing penalties are added to the penalty for failure to file.
Consumption taxes
Anyone that fails to pay or remit a required amount of tax by the legal deadline is liable to a penalty of:
- 7% of the amount, if the payment or remittance is no more than 7 days late;
- 11% of the amount, if the payment or remittance is 8 to 14 days late; or
- 15% of the amount, if the payment or remittance is more than 14 days late.
- See the Remittance Schedules to find out the dates by which you must remit consumption taxes.
- Late-filing penalties are added to the penalty for failure to file.
Source deductions
An employer or payer that fails to pay or remit an amount deducted or withheld under a tax law by the legal deadline is liable to a penalty of:
- 7% of the amount, if the payment or remittance is no more than 7 days late;
- 11% of the amount, if the payment or remittance is 8 to 14 days late; or
- 15% of the amount, if the payment or remittance is more than 14 days late.
- See the Remittance Schedules to find out the dates by which you must remit source deductions and employer contributions.
- Late-filing penalties are added to the penalty for failure to file.