What happens if a FIE fails to submit to the tax authority tax filings with the stipulated time limit?

What happens if a FIE fails to submit to the tax authority tax filings with the stipulated time limit?

The tax authority shall make an assessment on the taxable income of the FIE and decide the amount to collect, according to the Provisional Measures for Assessment and Collection of Enterprise Income Tax (the "Assessment and Collection Measures").

Back