According to Article 42 of the Detailed Rules for the Implementation of the Law of People's Republic of China (PRC) Municipality on Tax Collection and Management, if a taxpayer needs to postpone the payment of tax, it shall apply before the expiration of the tax payment period. The tax authorities shall make a decision of approval or disapproval within 20 days from the date of receiving the application report for deferred tax payment; If it is not approved, a late fee will be charged from the date of expiration of the tax payment period.

The tax authorities handle the taxpayer's deferred tax payment examination and approval, and no longer require the applicant to separately provide the expenditure budget materials required by the tax authorities, such as the application report for deferred tax payment, the current monetary fund balance materials, the wages payable to employees and social insurance premiums. Instead, the applicant should fill in the relevant information and application reasons in the Application Form for Tax Administrative License; Applicants are no longer required to provide tax payment and balance sheet for three consecutive months, and the tax authorities will take the initiative to query in the information system.

According to the Announcement of State Taxation Administration of The People's Republic of China, People's Republic of China (PRC) on Further Simplifying the Procedures for Handling Tax Administrative Licensing Matters (People's Republic of China (PRC) State Taxation Administration of The People's Republic of China Announcement No.2019 No.34), the extension materials will involve the following materials:

1. application form for tax administrative license;

2. The agent's ID card;

3. Power of attorney;

4. The identity certificate of the agent;

5. Statements of all bank deposit accounts.

According to Article 3 of the Announcement of State Taxation Administration of The People's Republic of China, People's Republic of China (PRC) on Further Simplifying the Procedures for Handling Tax Administrative Licensing Matters (People's Republic of China (PRC) State Taxation Administration of The People's Republic of China Announcement No.2019 No.34):

Since the date of 19, 12 and 1, the tax authorities have handled the taxpayer's approval of deferred tax payment, and no longer require the applicant to provide the expenditure budget materials required by the tax authorities separately, such as the deferred tax application report, the current monetary fund balance materials, the wages payable to employees and social insurance premiums, etc. Instead, the applicant should fill in the relevant information and application reasons in the Application Form for Tax Administrative License; Applicants are no longer required to provide tax payment and balance sheet for three consecutive months, and the tax authorities will take the initiative to query in the information system.

Baidu Encyclopedia-Detailed Rules for the Implementation of People's Republic of China (PRC) Tax Collection and Management Law