Failure to file tax returns on time will bring credit stains to the company and have the following effects.

(1) The legal representative cannot borrow money to buy a house;

(2) The legal representative cannot do immigration;

(3) The legal representative can't get the endowment insurance;

(4) The company is fined 2000- 10000 yuan by the tax bureau every year;

(5) In case of tax arrears, the legal representative of the enterprise shall be prevented from leaving the country; Can't catch up with the plane and high-speed rail;

(6) if the tax is not declared for a long time, the tax bureau will come to the door for inspection;

(7) If the tax is not declared for a long time, the invoice will be locked;

(8) The industrial and commercial credit network has entered the list of business anomalies, and all foreign bidding businesses have been restricted, such as opening bank accounts and entering shopping malls. Legal basis: Article 44 of the Interpretation of People's Republic of China (PRC)'s Law on Tax Collection and Administration: If a taxpayer or his legal representative who is in arrears needs to leave the country, he shall settle the tax payable, late payment fee or provide guarantee to the tax authorities before leaving the country. The tax authorities may notify the exit administration authorities to prevent them from not paying taxes, delaying payment and providing guarantees.