Regulatory update

2016 Due Date for Delaware Franchise Taxes and Domestic Corporation Annual Reports

04 February 2016

All Delaware domestic corporation annual reports and franchise taxes are due Tuesday, March 1, 2016. Exempt/non-profit domestic corporations must also file an annual report, but do not need to pay a tax. Delaware has mandated electronic filing of domestic corporation annual reports.


Written by: CT Corporation


- Authorized Shares method: minimum tax of $175.

- Assumed Par Value Capital Method: minimum tax of $350.

- All corporations using either method will have a maximum tax of $180,000.

- Taxpayers owing $5,000 or more pay estimated taxes in quarterly installments:

- 40% due June 1, 2016

- 20% due by September 1, 2016

- 20% due by December 1, 2016

- The remainder is due March 1

Penalty Fees

- The penalty for not filing a completed Annual Report on or before March 1st is $125.

- The interest, at 1.5% per month, is applied to any unpaid tax balance.

Missed / Late Filing Implications

- If one payment or filing is missed, the entity will be unable to obtain a certificate of good standing, which could delay deals, transactions, and contracts.

- If two consecutive payments and filings are missed, the entity will lose good standing and the organization’s name will no longer be protected from others.

- Further, extra filings (Renewal & Revival) will be required in addition to the penalties, interest, and standard taxes assessed.


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