What happens if I fail to calculate tax on behalf of another person as required under the tax law?
You will incur the standard late payment penalty as follows:
2% of the unpaid tax is due immediately once the payment is late.
4% of the amount of tax which is still unpaid is due on the seventh day following the deadline for payment.
1% daily penalty will be charged on any amount that is still unpaid one calendar month after the deadline for payment, up to a maximum of 300%.