Gyeonggi-do Provides Tax Support Including Local Tax Deferrals for Residents Affected by Flood Damage

[Asia Economy (Suwon) = Reporter Lee Young-gyu] Gyeonggi Province will provide tax support such as deferral of collection and installment payment for local taxes and non-tax revenues to flood victims affected by heavy rain.

Local taxes are taxes imposed by local governments, including automobile tax, property tax, and acquisition tax. Non-tax revenues refer to income other than taxes among local government revenues, such as fines, penalties, charges, and enforcement fees.

The province announced on the 17th that it will support deferral of collection and delinquency disposition, payment postponement, and installment payment of local taxes and non-tax revenues to help residents and businesses in flood-affected areas recover quickly and restart.

The support targets taxpayers of non-tax revenues directly imposed by the province and taxpayers of local taxes imposed by cities and counties. Residents or businesses wishing to receive tax support must submit documents proving damage caused by heavy rain, such as property loss or business damage, to the Gyeonggi Province non-tax revenue assessment department or the tax department of the city or county.

Choi Won-sam, head of the Tax Justice Division of the province, emphasized, "We hope to alleviate the burden on residents suffering from heavy rain even a little and will do our best to ensure timely and practical support is provided."

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