1. The fines, fines and losses of confiscated property of the enterprise shall not be deducted before tax;

2. Fines related to administrative punishment are allowed to be deducted before enterprise income tax;

3. Reasonable expenses related to income actually incurred by the enterprise, including costs, expenses, taxes, losses and other expenses, are allowed to be deducted when calculating taxable income;

4. If the company is subject to tax punishment, shareholders do not need to bear the responsibility alone;

5. Penalties for tax evasion of the company include recovery of taxes and late payment fees, and may also impose a fine of not paying or underpaying taxes of more than 50% but not more than five times, and criminal responsibility may be investigated if the circumstances are serious;

6. Companies that fail to issue tax receipts will be ordered to pay within a time limit, and a late fee of 0.5% of the overdue tax will be added on a daily basis.

Impact of tax fines:

1. Financial cost increase: the fines and late fees paid by the company for tax punishment will directly increase the financial cost;

2, reputation damage: tax violations may lead to a decline in the company's reputation, affecting the relationship with partners and investors;

3. Business restrictions: serious tax violations may lead to restrictions on the company's business activities, such as bidding qualifications;

4. Legal risks: tax violations may cause more legal problems, such as criminal responsibility investigation;

5. Pressure from management: Tax punishment may lead to management taking responsibility, even facing dismissal or legal accountability.

To sum up, the impact of tax penalties on the company includes: losses cannot be deducted before tax, administrative penalties can be deducted before enterprise income tax, reasonable expenses can be deducted when calculating taxable income, and shareholders do not have to bear the responsibility of tax fines. Tax evasion may lead to tax recovery, late fees and high fines, and may also be investigated for criminal responsibility. Companies that do not issue tax bills will also face additional late fees.

Legal basis:

People's Republic of China (PRC) tax collection management law

Article 62

Taxpayers fail to file tax returns and submit tax information within the prescribed time limit, or withholding agents fail to submit tax withholding and collecting reports and relevant materials to the tax authorities within the prescribed time limit, and the tax authorities shall order them to make corrections within a time limit and may impose a fine of less than 2,000 yuan; If the circumstances are serious, a fine of not less than two thousand yuan but not more than ten thousand yuan may be imposed.