Yongin City Conducts Home Raids on High-Value Tax Delinquents... Seizes 70 Luxury Items and Collects 46 Million Won

[Asia Economy (Yongin) = Reporter Lee Young-gyu] Yongin City in Gyeonggi Province achieved significant results such as seizing luxury goods and collecting cash through house searches of high-amount tax delinquents.

Yongin City announced on the 22nd that it searched the homes of 12 high-amount tax delinquents who owed more than 10 million won from the 19th to the 20th, seizing 2 million won in cash and 70 luxury items, and collecting 46 million won on site.

House searches of tax delinquents are a compulsory collection procedure carried out when there is suspicion of intentional tax payment evasion.

During this search, the city’s delinquent mobile team seized 59 items including luxury goods such as Chanel bags, Rolex watches, and Herm?s bracelets, as well as 1.3 million won in cash, from one house of Mr. A, who has owed 137 million won in local income tax since 2018.

The seized items from this house search will be appraised and disposed of through public auction.

A city official emphasized, "We will strictly respond to intentional tax delinquents so that citizens who faithfully fulfill their tax obligations do not feel relatively deprived," and added, "We will continue to do our best to establish a sound tax payment culture."

Meanwhile, since the beginning of this year, Yongin City has seized 110 items and collected 220 million won on site through house searches of 54 high-amount tax delinquents.

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