Suwon City Achieves Over 40 Billion KRW in Delinquent Tax Collection for 6 Consecutive Years

[Asia Economy (Suwon) = Reporter Lee Young-gyu] Suwon City in Gyeonggi Province has achieved the collection of over 40 billion KRW in local taxes and non-tax revenues in arrears for six consecutive years.

The city announced on the 10th that it collected arrears of 47.2 billion KRW in 2016, 43.0 billion KRW in 2017, 40.1 billion KRW in 2018, 43.3 billion KRW in 2019, 45.7 billion KRW in 2020, and 42.7 billion KRW in 2021, maintaining collections above 40 billion KRW for six straight years.

This achievement is attributed to the continuous development of new delinquent tax disposition techniques.

The city collected arrears by seizing and recovering National Health Insurance and National Pension refunds from closed corporations that had unpaid local taxes. Additionally, for the first time nationwide, it secured arrears by seizing virtual currencies, securities, and funds from non-tax revenue defaulters.

After a legal review of the Real Name Financial Transactions Act, the city confirmed that it could seize securities and funds to collect non-tax revenue arrears regardless of tax delinquency status, and actively persuaded securities firms to investigate the securities holdings of non-tax revenue defaulters.

Due to these efforts, the city was selected as an excellent institution in the '2021 Delinquent Taxpayer Status Survey' evaluation of 31 cities and counties conducted by Gyeonggi Province last year.

The city also connected 58 livelihood-type defaulters with welfare resources.

A city official stated, "Employees in charge of collecting arrears worked with a sense of mission to eradicate willful tax evasion in order to ensure fairness for sincere taxpayers," and emphasized, "We will do our best again this year to collect arrears and contribute to Suwon Special City’s independent financial resource expansion."

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