Suncheon City Releases Seizure on Overdue Vehicles... Economic Recovery Breathing Room for COVID-19 Small Business Owners

[Asia Economy Honam Reporting Headquarters Reporter Lee Hyung-kwon] Suncheon City announced on the 24th that it has decided to suspend collection actions on 1,087 vehicles seized due to delinquent local taxes and non-tax local revenues, and will lift the seizures.

At the Local Tax Deliberation Committee held on the 22nd, the city decided to suspend collection actions on vehicles that, although registered in the vehicle registration ledger, are deemed practically non-operational based on reasons such as being reported stolen to the police, stored in scrapyards, damaged by fire, exceeding the vehicle age limit, lacking insurance or vehicle inspection, or violating traffic regulations.

This decision is expected to provide an opportunity for re-startup to over 1,050 small business owners who have become delinquent taxpayers due to business failures amid the economic downturn and have faced difficulties such as property seizures, credit delinquency registration, and restrictions on licensed businesses.

Moon Byung-tae, head of the Collection Division, said, “For vehicles with no property value, lifting seizures rather than maintaining them can help taxpayers recover economically, which is why we actively pursued the suspension of collection actions this time.” He added, “If it helps taxpayers struggling with delinquency, we will carefully examine even small details and practice collection administration that provides practical assistance from the citizens’ perspective.”

The vehicles subject to the suspension of collection actions can be checked through the city’s website or bulletin board.

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