Filing Information
Finance provides general tax information as well as mailing instructions, late filing procedures, and interest rates and penalties. We also describe specific filing requirements, deadlines, tax rates, and other important information for each tax type.
Mailing Instructions
Interest Rates on Late Filing and Late Payments
Penalties and
Procedures for Late Filing and/or Late Payment of Business Taxes
Payment Plans
All Individuals and Incorporated/Unincorporated businesses that operate in New York City must pay the appropriate business taxes.
The New York City consists of five boroughs (counties): Manhattan (New York County), the Bronx (Bronx County), Brooklyn (Kings County), Queens (Queens County), and Staten Island (Richmond County). Town names are sometimes used in these counties. The following first three digits of a borough’s zip code may also help find the address.
Manhattan – 100, 101, 102
Bronx – 104
Brooklyn – 112
Queens – 111, 113, 114, and parts of 100 and 116
Staten Island – 103
Mailing Instructions
Mail business tax returns and related payments to the address or P.O. Box shown on the return to ensure the quickest processing. If you use a carrier like Federal Express or United Parcel (UPS) please submit returns and payments to:
NYC Tax Processing Center
101 Enterprise Drive
Kingston, NY 12401-7401
Interest Rates on Late Filing and Late Payments
Business Tax Interest Rate Calculator
Interest Rates
Below are interest rates for New York City Income and Excise Taxes, and Annual Vault Charges. These rates are compounded daily and apply to taxpayer underpayments of most city income and excise taxes (Property taxes are different). Property Tax Rates
These rates also
apply to late payments of estimated business income taxes, including General
Corporation Tax (GCT), Unincorporated Business Tax (UBT) and Banking Corporation
Tax (Bank Tax).
| July 11, 2009 |
through |
December 31, 2009 |
8% |
| April 1, 2009 |
through |
July 10, 2009 |
6% |
| January 1, 2009 |
through |
March 31, 2009 |
7% |
| October 1, 2008 |
through |
December 31, 2008 |
8% |
| July 1, 2008 |
through |
September 30, 2008 |
7% |
| April 1, 2008 |
through |
June 30, 2008 |
8% |
| January 1, 2008 |
through |
March 31, 2008 |
9% |
| July 1, 2006 |
through |
December 31, 2007 |
10% |
| October 1, 2005 |
through |
June 30, 2006 |
9% |
| April 1, 2005 |
through |
September 30, 2005 |
8% |
| October 1, 2004 |
through |
March 31, 2005 |
7% |
| July 1, 2004 |
through |
September 30, 2004 |
6% |
| April 1, 2004 |
through |
June 30, 2004 |
7% |
| October 1, 2003 |
through |
March 31, 2004 |
6% |
| July 1, 2003 |
through |
September 30, 2003 |
7% |
| January 1, 2002 |
through |
June 30, 2003 |
6% |
| July 1, 2001 |
through |
December 31, 2001 |
7% |
| April 1, 2001 |
through |
June 30, 2001 |
8% |
| April 1, 2000 |
through |
March 31, 2001 |
9% |
| April 1, 1999 |
through |
March 31, 2000 |
8% |
| January 1, 1999 |
through |
March 31, 1999 |
7% |
| April 1, 1998 |
through |
December 31, 1998 |
8% |
Business Tax Rule-Making Actions and Regulatory Agenda
Penalties and
Procedures for Late Filing and/or Late Payment of Business Taxes
Late Filing Penalty
A
five to twenty-five percent (5% to 25%) penalty is added to the net tax owed if
your annual return is late. Abatement will be considered if the
failure to file is due to a reasonable cause or if there is a satisfactory record of past City tax compliance. If the return is filed more than 60 days late, you will also be assessed a late filing penalty.
Late Filing Procedures
Filing deadlines and procedures
are specific for each business tax. Taxpayers who fail to pay will receive a
Notice of Tax Due followed by a Demand for Payment Due. If the notices go unanswered the case will be referred to Finance's Collections Division.
Please contact them with any questions or disputes.
Related Information:
Business Tax Forms, Tax Types & Descriptions
