Interest for late payment under securitization trust tax accrues monthly on unpaid tax until payment is made. Where the person responsible for payment and the securitization trust fail to pay the tax within the time allowed, both are liable to pay simple interest ... Summary
Interest for late payment under securitization trust tax accrues monthly on unpaid tax until payment is made.
Where the person responsible for payment and the securitization trust fail to pay the tax within the time allowed, both are liable to pay simple interest at the prescribed monthly rate on the unpaid tax for the period beginning the day after the last date the tax was payable and ending on the date the tax is actually paid.
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