Jeonnam Province Publishes List of High-Amount and Habitual Local Tax Delinquents... Totaling 84.4 Billion Won

[Muan=Asia Economy Honam Reporting Headquarters Reporter Yoon Jamin] Jeonnam Province announced on the 17th that it has disclosed the list of 1,627 high-amount and habitual local tax delinquents on the provincial website, the Ministry of the Interior and Safety, and the websites of each city and county. The amount of delinquent taxes totals 84.4 billion KRW.

The disclosure targets for high-amount and habitual local tax delinquents are taxpayers who have been delinquent for more than 10 million KRW for over one year as of January 1 each year, and after a six-month explanation period, continue to have delinquent taxes exceeding 10 million KRW up to the disclosure date.

Among the 1,627 disclosed this time, 1,087 are individuals with delinquent taxes amounting to 41.7 billion KRW, and 540 are corporations with 42.7 billion KRW. This year, 321 new targets were disclosed, with delinquent taxes totaling 14.7 billion KRW.

Among the newly disclosed individuals, the highest delinquent taxpayer, Mr. A, who operated a personal business, defaulted and closed the business, resulting in capital gains tax-related local income tax of 400 million KRW due to the sale of buildings and other assets.

It has been confirmed that he is currently employed at another company, and collection will proceed through wage garnishment and other measures.

Another delinquent taxpayer, Mr. B, was subject to disclosure for owing 26 million KRW in property tax due to poor rental performance of his owned commercial building, but was excluded from the list after paying more than 50% during the explanation period.

Like Mr. B’s case, the province has induced voluntary payment of 900 million KRW from 25 people through a six-month prior notice period for explanation from April to October before public disclosure.

Along with the disclosure of local tax delinquents, the list of 33 high-amount and habitual delinquents of local administrative sanctions and fines (delinquent amount of 3.12 billion KRW) was also disclosed. Their reasons for delinquency include violations of the Real Rights Registration Act on Real Estate and fines.

Wi Hunryang, head of the Taxation Division of Jeonnam Province, said, “Although everyone is facing difficulties due to the prolonged COVID-19 pandemic, malicious high-amount and habitual delinquents will face seizure of assets, public auction, and other delinquency measures, along with new collection methods such as utilizing Financial Intelligence Unit (FIU) information, to establish a culture of sincere tax payment.”

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