Tax filing time is usually divided into two forms: annual tax filing and monthly tax filing. Annual tax return refers to the payment of corporate income tax, personal income tax and other taxes for one year before the end of each year; Monthly tax return means that enterprises need to pay VAT, business tax and other taxes on time every month. In addition, there are quarterly tax returns and semi-annual tax returns. Taxpayers need to meet the following conditions before filing tax returns: 1. Register with the tax authorities; 2. Have the required tax information; 3. Understand the relevant tax policies and regulations. For personal income tax, taxpayers need to make annual settlement and payment between March 1 day and June 30; For enterprise income tax, taxpayers need to make annual settlement and payment between 1 month 1 day and May 3 1 day.
What are the consequences of late reporting and omission of tax returns? Failure to file tax returns on schedule, late reporting or omission of taxes will lead taxpayers to face fines, late payment fees and punishment decisions. Among them, the fine amount is calculated according to the amount of tax owed, and the penalty decision may reduce the taxpayer's credit rating. In serious cases, it will even affect the validity of the business license of the enterprise.
Tax filing is a legal obligation that taxpayers need to fulfill, and it is carried out according to different taxes, industries and regions. Individuals need to make annual settlement between March 1 day and June 30th every year, and enterprises need to make annual settlement between March 1 month 1 day and May 3 1 day. Failure to file tax returns on time, late reporting or omission of taxes will face certain economic and legal consequences.
Legal basis:
Article 16 of the Law of the People's Republic of China on the Administration of Tax Collection, if the contents of tax registration of taxpayers engaged in production and business operations change, they shall report to the tax authorities for the change or cancellation of tax registration with relevant documents within 30 days from the date when the administrative department for industry and commerce handles the change registration or before applying to the administrative department for industry and commerce for cancellation registration.