Incheon City Offers Up to 100 Million KRW Reward for Reporting Hidden Assets of Tax Delinquents

Receiving Tips Year-Round via Incheon e-Tax
No Rewards for Hidden Assets Under 10 Million Won

Hidden Assets of Tax Delinquents Reporting Website [Provided by Incheon City]

[Asia Economy Reporter Park Hyesook] Incheon City will pay a reward of up to 100 million KRW to citizens who report hidden assets of local tax delinquents.

Citizen reports can be made anytime throughout the year on the electronic tax payment website Incheon eTax (http://etax.incheon.go.kr/). The city has established a citizen reporting window in the electronic tax payment system for the first time among local governments nationwide to operate the reward system.

When reporting, specific evidence such as accounting documents and related ledgers that can verify the hidden assets of local tax delinquents must be provided. The city conducts fact-finding investigations on the reported hidden asset information of delinquents and processes the reward payment in a one-stop manner.

The reward is paid once the local tax delinquency is fully paid. However, reports of hidden assets worth 10 million KRW or less will not receive a reward according to relevant regulations.

Also, the identity of the reporter is strictly kept confidential, and anonymous reports are not accepted under Article 2 of the Enforcement Decree of the Act on the Handling of Civil Complaints, as they may be false or defamatory.

The city has been operating the citizen reporting reward system since 2016, and in 2018, after receiving a report on a delinquent's hidden assets and collecting tens of millions of KRW in taxes, it paid a reward of 1.77 million KRW to the reporting citizen.

An Incheon City official stated, "We hope for active interest and reports from citizens to ensure fairness with honest taxpayers and realize tax justice," adding, "We will thoroughly track the reported information and ensure collection without fail."

This content was produced with the assistance of AI translation services.