Yeongdeungpo-gu Honors 5 Model Taxpayers... 3-Year Exemption from Tax Audits

On the 54th Taxpayer's Day, 5 Meritorious Taxpayers Selected and Awarded Certificates of Commendation... On the 3rd, the District Mayor Presented Awards, Offered Encouragement and Thanks... Benefits Include 3-Year Tax Audit Exemption and 1-Year Free Use of Public Parking Lots for Meritorious Taxpayers

[Asia Economy Reporter Park Jong-il] Yeongdeungpo-gu (Mayor Chae Hyun-il) selected five exemplary taxpayers who contributed to the expansion of local finances and expressed gratitude by awarding the Mayor’s Commendation at the ‘Exemplary Taxpayer Commendation Ceremony.’

According to the Ministry of the Interior and Safety, as of last year, there were 9,067 individuals subject to public disclosure for local tax delinquencies, with a total outstanding amount reaching 476.4 billion KRW, causing disappointment among many citizens.

In response, on the occasion of the 54th Taxpayer’s Day, the district encouraged residents and corporations who contributed to stable revenue collection and selected exemplary taxpayers to foster a sound taxpaying culture.

The exemplary taxpayers are individuals or corporations with addresses within the district who meet the following criteria: △ paid local taxes of 10 million KRW or more for individuals (50 million KRW or more for corporations) as of 2019 △ have no record of local tax delinquency in the past 10 years △ have paid local taxes on time at least twice annually for the past 8 years.

This year, the district finally selected four individuals and one corporation as exemplary taxpayers.

On the afternoon of the 3rd, Mayor Chae Hyun-il presented commendations to the exemplary taxpayers and expressed appreciation for their role as models in the community through diligent tax payment.

This year’s exemplary taxpayer, Cho Ik-seong, CEO of Ilsan Co., Ltd., said, “Paying taxes is the most fundamental duty of a citizen and a way to fulfill social responsibility. In these times of economic downturn due to COVID-19, I hope everyone does their best in their roles and overcomes this together.”

The district will exempt exemplary taxpayers from tax audits for three years and provide benefits such as free use of public parking lots within the district for one year. They will also be given priority opportunities to participate in various district-hosted events and inspections.

Yeongdeungpo-gu Mayor Chae Hyun-il said, “We thank the taxpayers who have faithfully paid their taxes. We will use these precious taxes where residents need them most and strive to transform Yeongdeungpo into a prosperous and open community.”

Taxation Division (☎2670-3251)

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