Daegu City Local Tax Support for Victims of Novel Coronavirus

[Asia Economy Yeongnam Reporting Headquarters Reporter Ju Cheol-in] Daegu City announced on the 7th that it has prepared support measures such as extension of local tax filing and payment deadlines and deferral of collection for taxpayers facing difficulties due to concerns over the spread of the novel coronavirus infection (Wuhan pneumonia).

Confirmed cases of the novel coronavirus, related quarantined individuals, and businesses closed due to visits by confirmed cases will have their local tax filing and payment deadlines extended within a range of six months for acquisition tax, local income tax, employee resident tax, and other local taxes. In cases of local tax delinquency, if payment is difficult, collection deferral for six months will also be granted.

The city plans to defer tax audits for victims and businesses related to the novel coronavirus, except in unavoidable cases. Furthermore, the city stated that if the damage from the novel coronavirus continues, it will consider measures to reduce local taxes through approval by the city council if deemed necessary.

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