Deadline:

March 1, 2023

for e-filing

Deadline for this form has passed

Delaware Franchise Tax Filing

$

100 once annually

$

200

If you had upto

$

5000

in US entity expenses for the year

Delaware's Division of Corporations requires that all business entities file an annual report.

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Mandatory for

All corporations and LLCs in Delaware, regardless of business activities or location, are required to file and pay franchise taxes.

Penalties

Failure to file taxes on time in Delaware results in a one-time penalty of $200, along with a monthly interest of 1.5% on the tax amount.

Due date

The annual deadline for Delaware Franchise Tax Filing is March 1st.

What is DFT Filling?

All business entities in Delaware must comply with the Division of Corporations by submitting an Annual Report and fulfilling their Franchise Tax obligation.

Domestic Corporations must make mandatory payments of a minimum of $400 in franchise tax and $50 in filing fee, based on either the Authorized Shares Method or the Assumed Par Value Capital Method.

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Summary of US BEA Deadlines

BE-10

Deadline:
2025

US DI Abroad
(Benchmark Year)

Every 5 years

U.S. person who had voting stock of 10% or more of a foreign business enterprise at the end of 2024.

BE-11

Deadline:
May 31, 2023

US DI Abroad
(Annual)

Every year

U.S. domestic business that has one or more foreign affiliates.

BE-12

Deadline:
June 30, 2023 for eFile

FDI into US
(Benchmark Year)

Every 5 years

U.S. business owned or controlled by a foreign person at the end of 2022 including e-commerce, real estate etc.

BE-13

Deadline:
Within 45 days of acquisition

FDI into US
(If any transaction)

Every year

U.S. business when a foreign entity acquires a voting interest of at least 10 per cent or if the cost of acquisition is more than $3M to establish a new legal entity (or real estate).

BE-15

Deadline:
2024

FDI into US
(Annual)

Every year

U.S. business owned or controlled by a foreign person at the end of 2023 including e-commerce, real estate etc.

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FAQs

What is Delaware Franchise Tax?

The Delaware Franchise Tax is an annual tax imposed on businesses incorporated in Delaware or have a presence there. It is not a tax on income but on the privilege of conducting business in Delaware.

What happens if you don't pay Delaware Franchise Tax?

Not paying the Delaware Franchise Tax and failing to file the Annual Report for two consecutive years will lead to the State of Delaware's automatic administrative dissolution of the corporation.

Is Delaware a tax-friendly state?

Delaware is tax-friendly due to no sales tax, business-friendly tax laws, and favourable corporate income tax rates.