Legal analysis: Late tax returns will have the following impacts: 1. Fines and late fees. If your company fails to apply on time, the tax authorities will impose penalties for late filing based on the seriousness of the case. In addition, if there is further tax payable, a late payment fee of 50,000 per day will be levied. 2. Unable to file tax returns online. 3. Affect the company’s tax credit rating.

Legal basis: "Tax Collection and Administration Law of the People's Republic of China" Article 62 If a taxpayer fails to file tax returns and submit tax materials within the prescribed time limit, or the withholding agent shall If the tax authorities fail to submit the tax withholding and remittance, collection and repayment tax reports and relevant materials to the tax authorities within the prescribed time limit, the tax authorities shall order them to make corrections within a time limit and may impose a fine of not more than 2,000 yuan; if the circumstances are serious, they may be punished A fine of not less than 2,000 yuan but not more than 10,000 yuan is imposed.