Yes. Penalty and interest is due if the tax is paid after the 20th day of the month in which tax is due. The Failure to Timely File penalty is 10% of the total tax due or $50, whichever is greater. The Failure to Timely Pay Penalty is 10% of the total tax due. Interest is based on the current APR. For the current interest rate, you can call our office or visit the website: https://revenue.alabama.gov/assessements/quarterly-interest-rates.
NOTE: Returns and payment must be submitted by 4:00 pm CST on the due date of the return to be considered “on-time”