Eligibility

There are some types of taxpayers that may be exempt from penalty and interest. Examples of such taxpayers include other government agencies and non-profit organizations.

The base product provides an obligation type plug-in spot P&I Eligibility where an implementation may plug in algorithms that check an obligation's eligibility for penalty and interest. The P&I calculation algorithm provided with the base product calls the P&I eligibility plug-ins prior to performing any penalty or interest calculations. If the algorithms indicate that the obligation is ineligible, no calculations are performed.