What are the penalties for late payment or filing of Pennsylvania state taxes?

The Pennsylvania Department of Revenue has established specific penalties for late payment or filing of state taxes, which vary depending on the type of tax involved. Generally, if an individual or business fails to file their tax return by the designated due date, they may face a penalty of five percent of the tax due for each month the return is late, up to a maximum of twenty-five percent. It is important to note that this penalty applies even if no tax is owed, as failing to file a return on time carries a consequence. Additionally, for late payments, individuals may incur interest on the amount owed, which is calculated at a specific rate determined by the Department. The longer the tax remains unpaid, the more significant the interest accumulation can become. In cases where extensive delays occur, the Department may impose further penalties or take enforcement actions to collect overdue amounts. For specific details about penalty calculations and exceptions, individuals are encouraged to refer to the Pennsylvania Department of Revenue's official website, where more comprehensive information is available.