Overdue fine = overdue fine × overdue days × 5/ 10000. The late payment fee is to impose a certain percentage of late payment fee on taxpayers who fail to pay taxes according to the tax deadline. It is a measure taken by tax authorities to give economic sanctions to taxpayers who pay taxes overdue.

Legal objectivity:

Article 32 of the Law on the Administration of Tax Collection stipulates that if a taxpayer fails to pay taxes within the prescribed time limit and a withholding agent fails to pay taxes within the prescribed time limit, the tax authorities shall, in addition to ordering him to pay taxes within the prescribed time limit, impose a late fee of 0.5% of the overdue tax on a daily basis from the date of paying taxes.