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Last Updated: 12/14/2017

Penalty and Interest Rates

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Unrelated Business Income Tax (UBIT)

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The Minnesota Department of Revenue may assess penalties and interest if you're late

  • filing you return
  • paying your tax
  • making quarterly estimated payment

The table below shows the penalties and interest we may assess, when they apply, and the rate or amount.

​If you ​We'll assess The rate or amount will be
​don't pay your tax by the due date ​a late payment penalty ​5% of any unpaid tax for each 30-day period (full or partial) that your payment is late, up to 15%
​​don't file your return by the due date ​a late filing penalty ​5% of any unpaid tax
​are required to make electronic payments but paid by check ​​a payment method penalty ​​5% of any payments that were not made electronically.  To see if you're required to pay electronically, click here.
​​don't pay your tax by the due date ​interest ​4% of the unpaid tax and penalty from the regular return due date until the total liability is paid (Minnesota Statute 289A.55)1
​​underpaid your quarterly estimated payments ​an additional charge for underpaying estimated tax ​4% of the underpaid estimates 2

1The interest rate is 4% for 2018, and was 4% for 2017, 3% for 2010-2016, 5% for 2009, and 8% for 2007-2008.

 2To avoid an additional charge, you must pay each quarterly estimated payment on time and it must be equal to at least:

  • 20% of your total tax for the current year, or
  • 25% of your total tax liability from the previous year.