After the business license is issued, the company must declare its business situation to the tax bureau according to law. Specifically, after the end of each month 15 days, the company needs to submit a tax return for prepayment of enterprise income tax to the tax authorities to complete the prepayment of corresponding taxes.
What will happen if the company fails to file tax returns on time?
If the company fails to file tax returns on time, it may face the following consequences:
1. Overdue tax declaration: For enterprises with minor circumstances, the tax authorities may impose a monthly fine of more than 200 yuan in addition to paying taxes. If it is overdue for a long time, there may be a late fee. For enterprises with serious circumstances, the tax authorities will impose correspondingly higher fines according to the seriousness of the circumstances.
2. Long-term tax returns: If an enterprise fails to file tax returns with the tax cancellation authority for a long time, the identity card information of its legal person and shareholders may be recorded by the relevant cancellation authority and blacklisted. This will limit the company's future loans, reinvestment and entrepreneurship, and even travel abroad.