Question 1

When is the Mississippi corporation annual report due?

Accepted Answer

Due April 15 each year; the window opens January 1. Filing is online only. Nonprofit corporations file a separate report by May 15 at no charge. First due April 15 of the year after incorporation.

Question 2

How much is the Mississippi corporation annual report?

Accepted Answer

$25 for a domestic corporation.

Question 3

What happens if the Mississippi corporation annual report is late?

Accepted Answer

No late fee. A report 60 days past due becomes a ground for administrative dissolution; the state then serves notice and waits a further 60 days before dissolving.

Question 4

When is the Mississippi corporation franchise tax due?

Accepted Answer

Filed with the corporate income tax return, due the 15th day of the 4th month after the accounting year closes - April 15 for calendar-year corporations. The tax is being phased out and ends after tax year 2027. Nonprofits are exempt. Owed for each tax year the corporation is registered in Mississippi, beginning with its first accounting year, even if inactive.

Question 5

How much is the Mississippi corporation franchise tax?

Accepted Answer

At least $25 every year through tax year 2027, whatever the capital or income. Above $100,000 of Mississippi capital, a per-$1,000 rate applies that steps down each year until the tax ends.

Question 6

What happens if the Mississippi corporation franchise tax is late?

Accepted Answer

Ordinary revenue-department late-filing and late-payment penalties accrue, up to 25% in aggregate, plus interest. Nonpayment does not dissolve the corporation - a separate agency administers the tax.

Mississippi corporation deadlines: Annual report and Franchise tax

Annual report

If it is late

Franchise tax

If it is late

Never miss a Mississippi deadline

Corporation deadlines in other states