MBT Annual Return, Payments and Extensions
The first annual returns under the Michigan Business Tax (MBT) for January fiscal year ends will be due on May 31st. The following is a summary of the annual return, payments and extensions provisions of the MBT.
An annual return or final return must be filed with the Department of Treasury (Department) in the form and content prescribed by the Department of Treasury by the last day of the fourth month after the end of the taxpayer's tax year. This annual return due date is the same as with the Single Business Tax (SBT). Any unpaid tax or final liability must be remitted and paid with the annual return [MCL 208.1515(1)]
The Department, upon application by the taxpayer and for good cause, may extend the due date for filing the annual MBT return. However, extending the due date to file the annual return does not extend the due date for payment of the tax otherwise due. Interest at the rate of 1% over the Michigan prime rate of interest [MCL 205.23] will be added to the amount of the tax unpaid for the period of the extension. The Department will require with the application for extension, payment of an estimate of the MBT tax remaining unpaid at the time of filing of the extension. [MCL 208.1505(3)]
If a taxpayer is granted an extension of time within which to file the federal income tax return for any tax year, the filing of a
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