Analysis On The Current Status Of Chinese Late Fee System And Its Improving Measurements

The late fee system, though, only is a trivial part of the whole taxation system. Its implementation could have deep effect on the protection of taxpayers' rights and the government's revenue. Thus, the improvement of this system will be great significance to the instruction of the taxation law system.In this article, we start with the introduction of the fundamental theory of the late fee system, followed by the explain of the concept and function of the late fee. Then we address our points on the late fee's characteristics, which has caused great controversy lately and differentiate the conception of late fee with other relative ones. Chapter 2 focuses on detailed analysis on the current late fee system. After the introduction of the entity system and proceeding system in Section 1 of Chapter 2 , we move to the analysis of the applying conditions according to the different courses, which was due to the taxpayers, the withholding agent, the tax authorities, other parties and force majeures, proving a firm base for the following discussion. The issues relating calculation and execution are pointed out in the coming Chapter 3 and Chapter 4, including issues about calculation period, tax priority and failure in execution. Based on the demonstration of Chapter 1 and chapter 2, we come forward several suggestions as follow in view of entity system and proceeding system as well as fixing system, with reference to the foreign legislation experience and current taxation law system in China.In this article, we start with the fundamental theory of late fee, based on the detailed analysis of the problems lying in the present system , we bring forward several useful suggestions, referring to the foreign legislation experience and current taxation law system in China, in the hope of illuminating the tax legislation and promoting the progress of the taxation law system in China.