The consequences of a company failing to file taxes on time for a month
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Keely
What are the consequences of a company not filing taxes on time for a month?
2023-05-26 14:46
Answer list:：
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Caretaker
The consequence of a company not filing tax on time is that it may face penalties or fines from the relevant tax authorities. In addition, the company's reputation could suffer if the failure to file taxes becomes public knowledge or finds its way into its credit history. If the company continues to neglect its tax obligations, the authorities may take further action by imposing legal action, such as a court order to liquidate its assets or seize its bank accounts. Additionally, the company may also miss out on possible tax incentives and credits that could benefit its bottom line.
Release time 2023 05 26