Joke Collection Website - Public benefit messages - How to deal with the suspension of water fee payment by Agricultural Bank of China and the failure to pay taxes and fees for several months?
How to deal with the suspension of water fee payment by Agricultural Bank of China and the failure to pay taxes and fees for several months?
If a taxpayer fails to pay the tax within the prescribed time limit and fails to do so after being ordered to do so by the tax authorities, it may take compulsory measures to recover the unpaid or underpaid tax and impose a fine of more than 50% and less than 5 times the payable tax.
Legal basis: Article 68 of the Law of People's Republic of China (PRC) on the Administration of Tax Collection stipulates that taxpayers and withholding agents who fail to pay or underpay the tax payable within the prescribed time limit shall be ordered by the tax authorities to pay within the prescribed time limit. If it fails to pay within the time limit, the tax authorities may, in addition to taking compulsory measures to recover the tax it fails to pay or underpays in accordance with the provisions of Article 40 of this Law, impose a fine of not less than 50% but not more than five times the tax it fails to pay or underpays.
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