What are the consequences of the tax arrears announcement?

Legal analysis: Failure to file tax returns on time will bring credit stain to the company and have the following effects. (1) The legal representative cannot borrow money to buy a house; (2) The legal representative cannot do immigration; (3) The legal representative can't get the endowment insurance; (4) The company is fined 2000- 10000 yuan by the tax bureau every year; (5) In case of tax arrears, the legal representative of the enterprise shall be prevented from leaving the country; Can't catch up with the plane and high-speed rail; (6) if the tax is not declared for a long time, the tax bureau will come to the door for inspection; (7) If the tax is not declared for a long time, the invoice will be locked; (8) The Industrial and Commercial Credit Network entered the business exception list, and all foreign bidding businesses were restricted.

Legal basis: Article 11 of the Measures for Announcement of Arrears of Taxes (Trial) After the occurrence of arrears of taxes, the tax authorities shall demand payment in accordance with the law, and calculate the overdue fine strictly on a daily basis until tax preservation and tax enforcement measures are taken to clear up the arrears of taxes. No unit or individual may substitute the announcement of tax arrears for the implementation of legal measures such as tax preservation and tax enforcement, and interfere with the settlement of tax arrears. Announcement organs at all levels shall designate departments to be responsible for the announcement of tax arrears, and clarify the relevant responsibilities of other relevant functional departments to strengthen the management of tax arrears.