‘No Evasion for Delinquents’ Mokpo City Strengthens Collection from High-Amount and Habitual Tax Delinquents

Operation of Dedicated Collection Team for High-Amount Delinquents, Utilizing Specific Financial Transaction Information

[Asia Economy Honam Reporting Headquarters Reporter Jeong Seunghyun] Mokpo City, Jeollanam-do announced on the 23rd that it plans to designate the period from next month to September as a special period for clearing local tax arrears and will focus administrative efforts for six months.

The city achieved a result of reducing arrears to below 10 billion won through systematic collection activities, but since new arrears continue to occur, it plans to promote flexible and strong collection activities.

To this end, a “High-Amount Arrears Dedicated Collection Team” will be operated, assigning dedicated officials by tax amount level to intensively manage and strongly collect from high-amount and habitual tax delinquents.

In addition, for high-amount and habitual tax delinquents who avoid payment despite having the capacity, strong enforcement measures such as property seizure and home searches will be actively implemented along with administrative sanctions. However, for livelihood-type delinquents, enforcement deferrals and installment inducements will be promoted.

Furthermore, the city plans to seize virtual currencies such as Bitcoin, which high-amount and habitual delinquents use to hide assets, and actively utilize specific financial transaction information for local tax collection.

Until now, specific financial transaction information was provided only by the Financial Intelligence Unit to the National Tax Service and the Customs Service, but due to amendments in related laws, local governments can now also receive this information. Utilizing specific financial transaction information allows the city to access detailed financial information of delinquents who live luxuriously yet appear assetless, enabling tracking of hidden assets under the names of the delinquents or others.

A city official stated, “With the goal of ‘tracking and collecting until the end,’ we will devote all efforts to collecting arrears from high-amount and habitual tax delinquents.”

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