Late payment for delayed data refers to the method by which the administrative organ imposes new financial payment obligations on the counterpart who fails to perform the financial payment obligations within the time limit. The purpose is to urge them to fulfill their obligations as soon as possible, which belongs to a specific form of execution punishment in administrative enforcement.
If a taxpayer or withholding agent fails to pay or remit the tax within the prescribed time limit, the tax authorities shall, in addition to ordering him to pay within the prescribed time limit, impose a late fee of 0.5% of the overdue tax on a daily basis from the date of delay. According to People's Republic of China (PRC) State Taxation Administration of The People's Republic of China Announcement No.25 (20 12), if the tax payable and late payment fee on the tax payment certificate issued by the competent tax authorities are below 1 yuan, the tax payable and late payment fee will be zero. Effective as of August 1 day, 1965. 20 17 10 1 cancel the credit card late payment fee.
Refer to the late payment fee (financial terminology) Baidu Encyclopedia