How to calculate the late payment fee of three thousandths of the property fee?

Legal analysis: late payment fee = (minimum repayment amount-amount paid before due repayment date) ×0.3%

Late payment refers to the method by which the administrative organ imposes new payment obligations on the counterpart who fails to fulfill the payment obligations within the time limit. The purpose is to urge them to fulfill their obligations as soon as possible, which belongs to a specific form of execution punishment in administrative enforcement.

If a taxpayer or withholding agent fails to pay or remit the tax within the prescribed time limit, the tax authorities shall, in addition to ordering him to pay within the prescribed time limit, impose a late fee of 0.5% of the overdue tax on a daily basis from the date of delay.

Legal basis: Article 32 of the Law of People's Republic of China (PRC) on the Administration of Tax Collection, if a taxpayer fails to pay the tax within the prescribed time limit and a withholding agent fails to pay the tax within the prescribed time limit, the tax authorities shall, in addition to ordering him to pay the tax within the prescribed time limit, impose a late fee of 0.5% of the overdue tax on a daily basis from the day when the tax is overdue.