According to Article 62 of the Law of People's Republic of China (PRC) on Tax Collection and Administration, if a taxpayer fails to file tax returns and submit tax information within the prescribed time limit, or a withholding agent fails to submit a tax withholding report and relevant information to the tax authorities within the prescribed time limit, the tax authorities shall order it 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.

If the withholding agent fails to set up and keep the account books of withholding and collecting taxes or keep the accounting vouchers and relevant materials of withholding and collecting taxes in accordance with the regulations, the tax authorities shall order it 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 five thousand yuan shall be imposed.

Extended data:

Provisions on tax declaration requirements:

1. The tax authorities shall establish and improve the system of taxpayers' self-declaration and tax payment. However, with the approval of the tax authorities, taxpayers and withholding agents may also file tax returns or submit tax withholding and collecting reports by mail or data messages.

2. Taxpayers who pay enterprise income tax shall file an advance income tax declaration with the local competent tax authorities within 15 days after the end of the month or quarter; Domestic-funded enterprises, foreign-invested enterprises and foreign enterprises shall submit income tax returns to the local competent tax authorities within 45 days after the end of the year.

3. The tax periods of VAT and consumption tax are the same, which are 1 day, 3rd, 5th, 1 day, 1 5th,1month or1quarter respectively. The specific tax payment period of taxpayers shall be determined by the competent tax authorities according to the tax payable of taxpayers; If the tax cannot be paid within a fixed time limit, the tax can be paid on time.

Baidu Encyclopedia-People's Republic of China (PRC) Tax Collection and Management Law