There will be a late payment fee after 10. If there are special provisions in the contract, it can be extended to one year.

The characteristics of late payment fees are: suitable for people who have the obligation to pay. The debtor failed to perform his obligations within the agreed time limit. It can be done repeatedly, which is reflected in the daily fee. In accordance with the relevant provisions of the tax law, the tax authorities will impose a certain percentage of fines on units and individuals that fail to pay taxes within the prescribed time limit. Mainly applicable to the tax field, but not limited to this. In other management fields that have the obligation to pay money, when the counterpart fails to fulfill its obligations, it can take late fees, such as environmental pollution fees. Late payment measures can not only avoid the damage to the national interests caused by the obligor's failure to perform his obligations, but also avoid the damage to the rights and interests caused by direct imposition on the counterpart, and can urge him to perform his obligations as soon as possible, so it can be used as an effective administrative means.