Interest and a 10% penalty will be imposed as follows:
- For listed securities: should payment be made after the 14th of the month following that to which the return refers; or
- For unlisted securities: should payment be made after two months from the end of the month in which the security was transferred.
The amount of interest and penalties payable will be added to the amount of eSTT from electronic declaration. Interest cannot be remitted but the Commissioner may remit the penalty in part or in full. To request the remittance of a penalty, the ‘request for refund’ process must be followed.