Ministry of the Interior and Safety Discusses 'Local Tax System Improvement' with Private Experts... Holds Local Tax Development Committee Meeting
[Asia Economy Reporter Lim Cheol-young] The Ministry of the Interior and Safety announced on the 13th that starting from the 14th, it will hold the '2022 Local Tax Development Committee' at the Korea Local Tax Research Institute to gather opinions from experts across various fields on major local tax issues and the 2022 local tax revenue system improvement tasks.
The Local Tax Development Committee, established under the Ministry of the Interior and Safety and operating since 2019, is an advisory committee composed of 24 private experts in local finance and taxation, including professors, legal professionals, tax accountants, journalists, and representatives of related organizations, as well as ex officio government members (Director of Local Finance and Economy).
At the plenary meeting of the Local Tax Development Committee, presentations and open discussions on major local tax issues are conducted, and thereafter, the 2022 local tax revenue system improvement tasks are divided into two subcommittees for in-depth review and meetings. The system improvement tasks discussed on this day consist of tasks selected through written reviews and system improvement forums from among 907 system improvement tasks submitted since March of this year by local governments and related organizations.
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Kim Jang-hoe, Director of Local Finance and Economy at the Ministry of the Interior and Safety, stated, “In a rapidly changing policy environment, the local tax system is also emphasized to play an active and proactive role, making it an important time to gather broad opinions from experts in related fields.” He added, “We will carefully review the opinions provided by the committee members and the voices from local government sites to strive for the formulation of the 2022 local tax-related law amendments that the public can truly feel.”
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