Article 32 of the Law of People's Republic of China (PRC) on the Administration of Tax Collection (hereinafter referred to as the Law on the Administration of Tax Collection) 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 tax payment."
Article 62 of the Tax Administration Law stipulates that if a taxpayer fails to file tax returns and submit tax information within the prescribed time limit, or if 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. "
Article 63 of the Tax Administration Law stipulates that a taxpayer who forges, alters, conceals or destroys account books and vouchers without authorization, or overstretches expenditure, omits to report or understates income in the account books, or refuses to declare, falsely reports tax payment and fails to pay or underpays the tax payable after being notified by the tax authorities, is considered as tax evasion. If a taxpayer evades taxes, the tax authorities shall recover the unpaid or underpaid taxes and late fees, and impose a fine of not less than 50% but not more than five times the unpaid or underpaid taxes; If a crime is constituted, criminal responsibility shall be investigated according to law.