Calculation method of tax late fee: according to the law, it should be calculated according to the proportion of five ten thousandths of tax overdue. If the taxpayer fails to pay the tax within the prescribed time limit, the tax authorities shall charge a late fee on a daily basis from the date when the tax payment is delayed. Late payment fees shall be paid into the state treasury according to the tax warehousing budget levels.

Legal objectivity:

Article 32 of the Law on the Administration of Tax Collection states that if the 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 date of tax payment.