China’s Taxation Administration: Tax Collection Period
Taxpayers must pay taxes within the period specified by law or the tax authorities in accordance with the law. If a taxpayer fails to pay taxes within the specified period, the tax authorities shall, in addition to ordering them to make payment within the specified period, impose a late fee in an amount equivalent to 0. 05% of the overdue tax amount on a daily basis starting from the date of late payment. If a taxpayer fails to pay tax within the specified period due to special difficulties, the period for tax payment may be extended for no more than 3 months with the approval of the tax bureaus (sub-bureaus) at or above the county level. The first paragraph of Article 28 of the Law of the PRC on the Administration of Tax Collection (hereinafter referred to as the Law on the Administration of Tax Collection) states, "The tax authorities shall collect taxes in accordance with the provisions of laws and administrative regulations, and shall not start or suspend collecting, collect in advance or in arrears, over-collect, under-collect, or apportion taxes in violation of the laws and administrative regulations".
Practising lawyers
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Robert Zhang
An international lawyer registered in Shanghai, China. Master's degreePublish…
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Steve Li
An international lawyer registered in Shanghai, China. Master's degreePublish…
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