Penalty and Interest

Penalties and Interest

Penalties and interest will apply on any overdue remittance as follows:

• Penalty calculated as 1.25% on the amount of any Municipal Accommodation Tax (MAT) due and owing on the first day of default; and
• Interest calculated as 1.25% per month on the amount of any MAT due and owing from the first day of each month subsequent to the date of default up to and including the month in which the tax is paid in full.

Failure to file and remit as required may result in MAT assessments raised by the Chief Financial Officer. Interest and penalty will apply to these assessments once amounts are determined.

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