What is the implication should I not comply with relevant CIT rules?

Published on 2018-05-14
No. Types of non-compliance Fine
 

1

  

Failure to pay tax on a timely basis

  

0.05% per day on the balance due
2  

Failure to do, change or cancel tax registration, or submit tax return and financial statements within time limit

 RMB 5,000 or less
 

3

  

Failure of the reset time limit in above 2

  

RMB 10,000 or less, or criminal responsibility
4 Tax evasion  

Up to 5 times of the amount in default, or even criminal penalty