Gyeongbuk Province Publishes List of 523 High-Amount and Habitual Tax Delinquents in 2021... Individual Maximum 4.935 Billion KRW, Corporation 340 Million KRW

Announced Every Year in the Third Week of November via Homepage, On Foot, and Witax

Gyeongsangbuk-do Provincial Government Office.

[Asia Economy Yeongnam Reporting Headquarters Reporter Lee Seryeong] Gyeongsangbuk-do will disclose the list of individuals who have habitually and significantly defaulted on local taxes and local administrative penalties and surcharges on the 17th.

After giving the subjects, decided at the Local Tax Deliberation Committee meeting in February, a six-month period to provide explanations and encouraging payment, the list was finalized through a re-deliberation on the 4th of this month.

The province stated that it will strictly punish high-amount habitual defaulters to eradicate malicious tax evasion.

At the same time, for defaulters struggling to make a living, priority will be given to hardship counseling and inducing installment payments, implementing collection activities tailored to the cause of default and payment ability.

The disclosure targets are those who, as of January 1 this year, have defaulted for more than one year and have unpaid amounts exceeding 10 million KRW.

The list of 523 defaulters will be published on the provincial government’s website, the provincial newsletter, and the local tax payment site, Wetax.

The disclosure system has been in place since 2004 and is conducted simultaneously nationwide on the third Wednesday of November every year.

It is an indirect sanction to prevent malicious default and encourage voluntary payment, fostering a culture of sincere tax payment throughout society.

The scope of disclosure includes the defaulter’s name or business name, age, occupation or industry, address, tax items of the unpaid amount, and payment deadlines.

The information can be checked at any time, and if a disclosed defaulter pays the outstanding amount, they are removed from the list in real time.

Status of Public Disclosure of High-Amount and Habitual Tax Delinquents in Gyeongbuk Province.

The province has implemented this system since 2006 and has disclosed a total of 2,947 names up to this year.

This year’s local tax arrears amount to 22.9 billion KRW, with individuals numbering 327 and corporations 138 companies, accounting for the highest proportions.

The highest unpaid amount is 4.935 billion KRW for an individual and 340 million KRW for a corporation.

Local administrative penalties and surcharges amount to 1.8 billion KRW in arrears, involving 46 individuals and 12 corporations.

Regarding the scale of arrears, 295 defaulters owe less than 30 million KRW, accounting for 63.4% of the total, while 32 defaulters owe more than 100 million KRW.

By industry for local tax arrears, manufacturing leads with 125 defaulters, followed by wholesale and retail trade with 69, construction and architecture with 64, and real estate with 44.

The reasons for default show that bankruptcy or business closure accounts for 246 defaulters, representing more than half at 52.9%.

Lack of tax payment ability accounts for 156 defaulters, business downturn for 39, and other reasons for 24.

For local administrative penalties and surcharges, 42 defaulters owe less than 30 million KRW, making up 39.9% of the total.

Among individual defaulters, 4 are in their 20s, 22 in their 30s, 84 in their 40s, 117 in their 50s, and 146 aged 60 or older.

Kim Jang-ho, Director of Planning and Coordination Office, said, “We will not stop at disclosing the list but will take strong administrative sanctions and collection measures such as requesting travel bans, restricting licensed businesses, seizing assets, and public auctions.”

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