2011 Withholding Tax Statement should be filed before January 31st, 2012
2011-12-14 11:27:43
The due date for filing 2011 Withholding and Non-Withholding Income Tax Statements for income and dividend is still January 31st, 2012. Even though the filing period is around New Year and Chinese New Year holidays, the Ministry of Finance decided not to extend the filing period. However, online filing is available as usual during New Year and Chinese New Year.
According to the Tax Laws, withholding agents failing to withhold income tax according to the regulations must pay the unpaid or underpaid taxes, file the amended withholding tax statements and pay a penalty of 100% of the unpaid or underpaid amounts.