Florida Dept. of Revenue Tax and Interest Rates (2023)

Interest is assessed on the amount of taxes or fees due that was not paid on time. This includes late or underpayments of taxes or fees, and collection allowances (credits) that have been reduced due to underpayments of tax or disallowed because the return was filed late. A floating rate of interest applies. Florida's interest rate is updated twice a year, on January 1 and July 1. Current and past year's interest rates are published inTax Information Publications (TIPs).

• The floating rate of interest is 11% for July 1, 2023 through December 31, 2023. Read more inTIP #23ADM-01.
• The floating rate of interest is 9% for January 1, 2023 through June 30, 2023. Read more inTIP #22ADM-08.

To calculate interest due with your tax return:

1. Get the daily interest rate factor(s) for the filing period(s) from the appropriate Tax Information Publication.
2. Calculate the number of days your return is late by counting the number of days from the “late after” date on the return through the date the return and payment are postmarked by the U.S. Postal Service or hand-delivered to the Florida Department of Revenue. Include the day the return and payment are postmarked or hand-delivered when calculating the number of days late.
3. Multiply the amount of tax due by the number of days late and then by the appropriate daily interest rate factor(s).

Example 1:A taxpayer owed $1,000 with his November 2013 Florida sales and use tax return (due 12/20/13). The taxpayer filed the return and paid the tax due on March 10, 2014. The return and payment are 80 days late and the daily interest rate for December 2013 to March 2014 was used. The interest amount due is computed as follows:

Example 2:A taxpayer owed $5,000 with their September 2009 Florida sales and use tax return (due 10/20/09). The taxpayer filed the return and paid the tax on February 10, 2010. The return and payment are 113 days late. Two different daily interest rate factors must be used in the calculation because the interest rate changed on January 1, 2010. For the period 10/20/09 to 12/31/09 the daily interest rate is .000219178 and for the period 1/1/10 to 2/10/10 the daily interest rate is .000191781. The interest amount due is computed as follows:

For a list of current and historical local tax rates, which includes upcoming rate changes, go to:Historical, Current and Upcoming Local Rates.

For a list of current local rates only go to:Communications Services Tax Rate Table.

If you need tax rates for a specific address, use the Department'sAddress/Jurisdiction Database. The database contains the following rates for each address: communications services tax, discretionary sales surtax, insurance premium tax, and sales and use tax.

The Florida corporate income/franchise tax rate is reduced from 5.5% to 4.458% for taxable years beginning on or after January 1, 2019, but before January 1, 2021. The tax rate is further reduced to 3.535% for taxable years beginning on or after January 1, 2021, but before January 1, 2022.

Taxpayers that have a 52 - 53 week taxable year beginning on or about January 1 and ending on or about December 31 have the same tax rates as a calendar year-end taxpayer. For more information, see the Department'sCorporate Income Taxwebpage.

Fuel Tax Rates

Find rates for:

2023 (9/1/23 - 12/31/23)
2023 (1/1/23 - 8/31/23)
2022 (1/1/22 - 9/30/22 and 11/1/22 - 12/31/22)
2022 (10/1/22 - 10/31/22 only)

Pollutants Tax Rates

Note:Pollutants tax rates are not tied to the Consumer Price Index and do not change each year.

For more information, readTIP #23B06-01.

For more information, readTIP #22B06-01R.

When a new employer becomes liable for the tax, the rate is 2.7% (.0270) and remains at that rate until the employer has reported for 10 quarters (11 quarters in some cases). At that time, a tax rate will be calculated using the employment record and the rating factors, which are built into the Reemployment Assistance Program Law. Rate notices are mailed to all contributing employers each year, normally in December. However, the rate notices for 2022 will be mailed later than in prior years because certain benefit charge information used to determine the new rates will not be available until January 1, 2022. Employers can expect their 2022 RT tax rate notices in early 2022, before the first quarter reports are due. An employer may appeal the tax rate within 20 days from the date of notification (date printed on the Reemployment Tax Rate Notice (Form RT-20). The maximum tax rate allowed by law is 5.4% (.0540), except for employers participating in the Short Time Compensation Program. Visit the Department'sReemployment Taxwebpage for more information.

Employers canlog in to their accountto view their tax rate by following theView Reemployment Tax Rates in Five Easy Stepsaid. Alternatively, employers can call 850-488-6800 at any time and follow the prompts to obtain their tax rate.

Sales and Use Tax and Discretionary Sales Surtax Rates

Sales tax and discretionary sales surtax are calculated on each taxable transaction.

Florida's general state sales tax rate is 6% with the following exceptions:

• Retail sales of new mobile homes - 3%
• Amusement machine receipts - 4%
• Rental, lease, or license of commercial real property - 5.5%
• Electricity - 6.95%

Discretionary sales surtax (also called county tax) is imposed by many Florida counties and applies to most transactions subject to sales tax. The Florida Department of Revenue collects both taxes and distributes the surtax back to the counties. The discretionary sales surtax rate depends on the county. To compute the sales tax rate for each county, add the local option surtax rate to the general sales tax rate. TheDiscretionary Sales Surtax Information(Form DR-15DSS)lists the counties and their rates. TheHistory of Local and Current Sales Tax Rateslists the counties and their historical local tax rates.

Effective July 1, 2021, businesses that collect and remit sales and use taxes to the Florida Department of Revenue must use a rounding algorithm when calculating the sales tax due on a transaction. Using this algorithm, the computation of the tax must be carried to the third decimal place; if the third decimal place is greater than 4, the tax must be rounded up to the next cent.

Businesses may apply the rounding algorithm to the aggregate tax amount computed on all taxable items on an invoice or to the taxable amount on each individual item on the invoice. Use of the rounding algorithm takes effect July 1, 2021, and businesses have until September 30, 2021 to update their point-of-sale systems.

For additional information on rounding, review Tax Information Publication (TIP)#21A01-02, “Rounding to Replace ‘Bracket System’ in Calculation of Sales and Use Taxes.”

Any person making taxable sales in Florida must separately state Florida sales tax on each customer’s invoice, sales slip, receipt, billing, or other evidence of sale. The sales tax and discretionary sales surtax may be shown as one total, or the sales tax and surtax may be shown separately.

Effective tax rates and rate divisors may be used by certain industries when it is impractical to separately state Florida sales tax on an invoice, sales slips, receipt, billing, or other evidence of a sale. These industry specific effective tax rates and rate divisors, and instructions for computing sales tax and discretionary sales surtax are available in the following brochures:

• Sales and Use Tax on Alcoholic Beverages(GT-800046)
• Sales and Use Tax on Amusement Machines(GT-800020)
• Sales and Use Tax on Concession Stands(GT-800003)
• Sales and Use Tax on Vending Machines(GT-800041)

Address/Jurisdiction Database

If you need tax rates for a specific address, use the Department'sAddress/Jurisdiction Database. The database contains the following rates for each address: communications services tax, discretionary sales surtax, insurance premium tax, and sales and use tax.

Prepaid Wireless Fee

The prepaid wireless fee is 40 cents on the sale of each prepaid wireless service that allows a caller to connect to and interact with the Enhanced 911 (E911) System. If a prepaid wireless device is sold with prepaid wireless service of 10 minutes or less, or for $5 or less, the seller may elect not to apply the prepaid wireless fee to the sale.

The E911 Board may adjust the rate of the fee, if necessary, to ensure full cost recovery or prevent over-recovery of costs incurred in providing E911 service. Any rate change will be posted to the Department's website. A written notice for each fee rate change will be issued to sellers at least 90 days before the effective date of the change.

Asphalt Use Tax Index

The tax rate used by contractors who manufacture and use asphalt during fiscal year July 1, 2023 through June 30, 2024 is $1.14 per ton. For more information, readTax Information Publication #23A01-08.

Miami-Dade Lake Belt Mitigation Fee

Use the following mitigation fee rates and water treatment plant upgrade fee rate:

Mitigation Fee Rates:

These fee rates should be used indefinitely until a statutory change is enacted by law.

Water Treatment Plant Upgrade Fee Rate:

Note:The Water Treatment Plant Upgrade Fee expires on July 1, 2018. For more information, readTIP #15B07-03.

Gas and Sulfur Production Tax Rates

For gas and sulfur tax rates for the year 2023-2024, readTIP #23B07-02.

Oil Production Tax Rates

Note:Oil production rates are not tied to the Consumer Price Index and do not change each year.

Solid Mineral Tax Rates

For solid mineral tax rates for the year 2023, readTIP #23B07-01.