What Happens If You File LateSurcharge, interest, compromise: the real cost of missing a date

Three charges stack on a missed deadline, and one of them grows every day. Here is each charge in plain terms, the reduced rates small taxpayers now enjoy, and the sequence that stops the bleeding.

Surcharge

A one time percentage of the unpaid tax: 25% for ordinary late filing, rising to 50% for willful neglect or a false return. Under the Ease of Paying Taxes Act, micro and small taxpayers face a reduced 10% surcharge instead.

Interest

Charged per annum on the unpaid amount, prorated to the day, at 12% for regular taxpayers and half of that for micro and small. Interest is the charge that punishes waiting; it runs until actual payment. The penalty calculator shows the daily growth.

Compromise

A settlement amount per the BIR's schedule, varying by violation and tax involved. It resolves the criminal aspect of the lapse and is paid alongside, never instead of, the tax.

Stop the bleeding, in order

File the return now, pay the tax and the computed surcharge and interest, then settle the compromise. Every day before a BIR notice is cheaper than every day after one, and the return itself is never excused by the penalties.

Questions people actually search

Magkano ang multa sa late filing?

A surcharge of 25%, or 10% for micro and small taxpayers, plus interest per day and a compromise amount per the BIR schedule.

Lumalaki ba ito habang naghihintay ako?

Yes. Interest accrues daily until payment, which is why filing immediately is always the cheaper path.

Can penalties be reduced?

Classification as micro or small reduces the rates by law, and compromise amounts follow a schedule; beyond that, speak with your accountant about your specific case.

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