Seongnam City Launches Collection of 60 Billion Won in Carried-Over Delinquent Taxes
[Asia Economy (Seongnam) = Reporter Lee Young-gyu] Seongnam City in Gyeonggi Province has set a collection target of 60 billion KRW for this year's 'carried-over delinquent payments.'
On the 18th, Seongnam City announced that it has set a goal to settle 60 billion KRW, which is 42.5% of the 141.1 billion KRW in local tax and non-tax revenue delinquencies carried over from last year to this year, to realize tax justice and expand financial resources.
To achieve the target amount, the city operates a delinquency mobile collection team (14 members) and a delinquency status investigation team (59 members).
In addition, for habitual and chronic delinquents, administrative sanctions will be strengthened, including house searches, seizure and public auction of movable property, disclosure of names, travel bans, and provision of delinquency data to credit information agencies.
Small businesses willing to pay will be granted collection deferrals and encouraged to pay in installments to support economic activities and recovery.
Delinquents without the ability to pay and without assets will have their delinquent taxes deferred to improve the efficiency of tax administration.
In particular, during the delinquency status investigation process, livelihood-type delinquents confirmed to be in difficult living conditions will be linked with the local administrative welfare center to provide necessary welfare services.
A city official stated, "We will maintain fairness with those who faithfully fulfill their tax obligations despite the difficult economic situation caused by COVID-19," and added, "We will carry out tax administration activities that meet citizens' expectations and focus on securing stable finances."
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Meanwhile, last year, Seongnam City settled 53.8 billion KRW, which is 41.9% of the 128.4 billion KRW in local tax and non-tax revenue delinquencies.
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