a. Delay fine:
A delay fine of 10 percent of payable tax is imposed on the taxpayer for
late filing and payment, 6-15 days late. The fine becomes 25 percent of
payable tax for any delay further than that.
b. Evasion Penalty:
The evasion penalty is imposed if it becomes clear that the taxpayer has
willfully concealed facts, which could increase tax liability, it is 25
percent of additional taxes assessed.
Brief Information on DZIT
Corporate
Income Tax : Delay Fines and Penalties
