Legal analysis: Tax late payment fee refers to the late payment fee ordered by the tax authorities to pay the tax within a specified time limit when the taxpayer fails to pay the tax within the specified time limit and the withholding agent fails to pay the tax within the specified time limit. In essence, it is a kind of compensation for taxpayers and withholding agents to occupy the national tax, and it has the nature of punishment.

Legal basis: Law of the People's Republic of China on the Administration of Tax Collection Article 32 If a taxpayer fails to pay the tax within the prescribed time limit, and the withholding agent fails to pay the tax within the prescribed time limit, the tax authorities shall, in addition to ordering the tax payment within the prescribed time limit, impose a late fee of 0.5% of the overdue tax on a daily basis from the day when the tax payment is delayed.