1. Late payment refers to the method by which the administrative organ imposes new payment obligations on the counterpart who fails to perform the payment obligations within the time limit. The purpose is to urge them to fulfill their obligations as soon as possible, which belongs to a specific form of execution punishment in administrative enforcement. If a taxpayer or withholding agent fails to pay or remit the tax within the prescribed time limit, the tax authorities shall, in addition to ordering him to pay within the prescribed time limit, impose a late fee of 0.5% of the overdue tax on a daily basis from the date of delay. According to People's Republic of China (PRC) State Taxation Administration of The People's Republic of China Announcement No.25 (20 12), if the tax payable and late payment fee on the tax payment certificate issued by the competent tax authorities are below 1 yuan, the tax payable and late payment fee will be zero.

2. If a taxpayer finds out within three years from the date of final settlement of the tax, he may request the tax authorities to refund the overpaid tax and add interest on the bank deposits during the same period, and the tax authorities shall immediately refund it after timely verification; If it involves withdrawing from the treasury, it shall be returned in accordance with the provisions of laws and administrative regulations on treasury management;

3. In practice, tax authorities and tax officials must master the legal provisions of the tax law on late fees in order to better enforce the law and better serve taxpayers.

Late payment fee refers to the money to be paid when the actual repayment amount is lower than the minimum repayment amount and the minimum repayment amount is not paid. After the introduction of the new regulations, the "late payment fee" of credit cards officially withdrew from the historical stage, but it does not mean that you will not be punished if you don't go to the bank, but you will be charged "liquidated damages". However, the bank's penalty is determined by the bank itself, so when choosing a credit card, you can compare it with many banks to see which bank's "penalty" is the most cost-effective.

legal ground

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

Article 32 stipulates: "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."