[New Year's Address] National Tax Service Commissioner: "Extension of Tax Audit Reduction Measures for Small Business Owners Until This Year"

"Strict Response to Antisocial Tax Evasion and Delinquency"

Kim Dae-ji, Commissioner of the National Tax Service, is delivering a New Year's address at the 2021 opening ceremony.

[Asia Economy Reporter Kwangho Lee] The National Tax Service (NTS) will extend its measures to reduce tax audits on self-employed individuals and small business owners until the end of this year. It plans to respond strictly to antisocial tax evasion and delinquency that undermine the atmosphere of sincere tax payment.

On the 4th, NTS Commissioner Kim Dae-ji stated in his New Year's address at the 2021 opening ceremony held remotely, "As the saying 'Jipsagwangik' goes, this year we must all gather wisdom to overcome difficulties and achieve a leap forward in national tax administration."

Commissioner Kim emphasized, "We must actively support overcoming the novel coronavirus disease (COVID-19) and the recovery of the national economy from a tax administration perspective," adding, "We will extend the measures to reduce tax audits on self-employed individuals and small business owners until the end of this year."

He continued, "We also need to prepare multifaceted support plans for job creation and start-up small and medium enterprises," and urged, "The Earned Income Tax Credit, an important pillar of welfare tax administration, should be paid promptly to working low-income households by improving the benefit receipt procedures, and guidance and promotion should be strengthened to ensure that no cases occur where eligible recipients fail to receive benefits."

Commissioner Kim particularly instructed, "We must focus investigative capabilities on unfair tax evasion through rule-breaking and privilege, as well as tax avoidance by multinational corporations," and added, "Verification related to the sources of acquisition funds and debt repayment in real estate transactions should be strengthened to respond thoroughly to irregular tax evasion."

Furthermore, he mentioned, "We must implement a 'comfortable national tax administration' that supports voluntary and sincere reporting." This means designing and promoting 'Hometax 2.0' from the taxpayer's perspective to create an environment where taxpayers with little tax experience can easily file and pay taxes, and providing customized services for each taxpayer based on advanced information technologies such as big data and AI.

Finally, Commissioner Kim expressed, "Let us all create a happy workplace and a proud National Tax Service," stating, "The true strength of the NTS can be demonstrated when employees work with joy. The passion and dedication of over 20,000 National Tax family members are needed."

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