Seodaemun-gu Local Tax Research Club Excellence Report Presentation Grand Prize Winner

Proposal for Rational Improvement Measures on Housing Tax Reduction Application for Non-Profit Organizations (Corporations)

‘Seodaemun Sense(稅)ation Team'

[Asia Economy Reporter Jong-il Park] Seodaemun-gu (Mayor Moon Seok-jin) announced that the local tax research club ‘Seodaemun Sense(稅)ation’ team, composed of employees from the district office’s tax department, won first place and received the grand prize at the ‘2020 National Local Tax Research Club Excellent Report Presentation Contest’ hosted by the Korea Local Tax Research Institute.

At the presentation held on the 23rd of last month at the Korea Local Tax Research Institute in Yangjae-dong, Seoul, the team presented ‘Rational Improvement Measures for the Application of Housing Tax Exemptions for Non-Profit Organizations (Corporations)’ and earned the honor of receiving the top award.

The club members were highly evaluated for extracting specific cases from practical work where non-profit organizations (corporations) owning houses abused certain tax items such as acquisition tax and property tax as means of tax evasion, and for proposing improvement measures.

The district plans to systematize this research achievement to ensure thorough local tax imposition and collection on non-profit organizations (corporations), and will submit the improvement measures as policy proposals to relevant government departments such as the Ministry of the Interior and Safety in the future.

Moon Seok-jin, Mayor of Seodaemun-gu, expressed his pleasure in having the research achievements of the ‘Seodaemun Sense(稅)ation team’ recognized and urged them to continue their efforts in discovering taxpayer convenience policies related to local taxes and improving systems.

Meanwhile, 40 teams from local governments nationwide participated in this contest, with 10 teams selected through the first round of document screening, followed by a second round of presentations to determine the final rankings.

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