Commodities transaction tax non-compliance imposes equal-sum penalty for non-collection and a daily capped penalty for non-remittance.

Failure to collect the commodities transaction tax requires payment of the tax, applicable interest and a penalty equal to the tax not collected. Failure to pay collected tax requires remittance of the tax, applicable interest and a daily penalty for each day of default, subject to an overall cap not exceeding the unpaid tax.

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