Gyeonggi-do Sends Advance Notice for Disclosure of 3,639 High-Amount and Habitual Tax Delinquents List

[Asia Economy (Suwon) = Reporter Lee Young-gyu] Gyeonggi Province will provide a prior notice to 3,639 high-amount and habitual defaulters of local taxes and local administrative sanctions and levies, granting them an opportunity to explain before publicly disclosing their names.

To this end, the province finalized the list of those to receive prior notice on the 16th after deliberation by the Provincial Local Tax Deliberation Committee.

The prior notice targets include 2,715 individuals and 924 corporations who have failed to pay taxes exceeding 10 million KRW for over one year as of January 1 this year.

The total amount owed by these defaulters is 131.9 billion KRW for individuals and 59.8 billion KRW for corporations, totaling 191.7 billion KRW.

Starting with this prior notice, the province plans to encourage payment and provide a six-month opportunity for explanation until September 30 to induce voluntary tax payment.

Defaulters (including corporations) who receive the prior notice must pay at least 50% of the outstanding amount to be excluded from the public disclosure list. Additionally, if they have filed objections or appeals regarding unpaid national or local taxes and local administrative sanctions and levies, they must submit documents proving that they are either under collection deferral due to approval of a rehabilitation plan or are making sincere installment payments according to the payment schedule of the rehabilitation plan within the explanation period to the relevant city or county office.

In October, based on confirmation of payment of outstanding amounts and submitted explanation materials, the Provincial Local Tax Deliberation Committee will re-deliberate and finalize the list of those subject to public disclosure, which will be announced on November 16.

The names, business names, ages, addresses or business locations, and outstanding amounts of those subject to public disclosure will be permanently available on the province’s website and on WETAX.

Choi Won-sam, Director of the Provincial Tax Justice Division, stated, "Defaulters listed publicly will face strong enforcement measures such as travel bans, restrictions on licensed businesses, property seizure, and home searches. For local taxes, from this year, it is possible to entrust collection enforcement to the Korea Customs Service for goods imported by those publicly disclosed, and we will utilize this to actively collect outstanding amounts and establish a fair tax payment culture."

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