FAQs - Employer Withholding

What are the penalties for not remitting Ohio withholding tax timely?

There are two penalties that can be charged for either late payment and/or non-payment. Ohio Revised Code section 5747.15(A)(3)(a) provides for a late payment penalty equal to 10% of the late payment plus twice the interest charged on the late payment. Ohio Revised Code section 5747.15(A)(4) provides for a penalty up to 50% of the tax withheld if payment is not made on or before the due date of the payment.