(A) Every person who anticipates any taxable income which is not subject to § 33.07, or who engages in any business, profession, enterprise or activity subject to the tax imposed by § 33.02(C) and (D), shall file a declaration setting forth such estimated income or the estimated profit or loss from such business activity together with the estimated tax due thereon, if any; provided, however, if a person's income is wholly from wages, salaries, commissions or other compensation from which the tax will be withheld and remitted to the Village in accordance with § 33.07, such person need not file a declaration.
(B) Such declaration shall be filed on or before April 15 of each year during the life of this chapter, or on or before the fifteenth day of the fourth month the taxpayer becomes subject to tax for the first time.
(C) Those taxpayers reporting on a fiscal year basis shall file a declaration on or before the fifteenth day of the fourth month after the beginning of each fiscal year or period.
(D) Such declaration shall be filed upon a form furnished by or obtainable from the Clerk-Treasurer, provided, however, credit shall be taken for the Village tax to be withheld from any portion of such income. In accordance with the provisions of § 33.07 of this chapter, credit may be taken for tax to be paid to or to be withheld and remitted to another taxing municipality.
(E) The original declaration (or any subsequent amendment thereof) may be increased or decreased on or before any subsequent quarterly payment day as provided for herein.
(F) Such declarations of estimated tax to be paid the Village shall be accompanied by a payment of at least one fourth of the estimated annual tax and at least a similar amount shall be paid on or before the fifteenth day of the sixth, ninth, and twelfth months after the beginning of the taxable year. Provided, however, that in case an amended declaration has been filed, the unpaid balance shown due thereon shall be paid in equal installments on or before the remaining payment dates.
(G) On or before the fifteenth day of the fourth month of the year following that for which such declaration or amended declaration was filed, an annual return shall be filed and any balance which may be due the Village shall be paid therewith in accordance with the provisions of § 33.05 of this chapter.
(H) A declaration of estimated tax which is less than 80% of the tax shown on the final return shall not be considered filed in good faith. The difference shall be subject to penalties and interest as provided for in § 33.15.