Incheon City Publishes List of 486 High-Amount and Habitual Tax Delinquents... Delinquent Amount 21 Billion Won

[Asia Economy Reporter Park Hyesook] Incheon City announced on the 16th that it has disclosed the list of 486 high-amount and habitual tax delinquents.

These individuals have either failed to pay taxes for over a year or have outstanding tax amounts exceeding 10 million KRW. The list was made public through Incheon City’s official bulletin, the Ministry of the Interior and Safety’s local tax reporting and payment service website WETAX.

The disclosure includes 388 individuals and 98 corporations. Their total outstanding tax amount, including local taxes, is 21 billion KRW.

Among them, one delinquent owes more than 500 million KRW; 45 owe between 100 million and 500 million KRW; 58 owe between 50 million and 100 million KRW; 88 owe between 30 million and 50 million KRW; and 294 owe less than 30 million KRW.

By age group, the largest number of delinquents is in their 60s with 109 people, followed by those in their 50s with 108, 40s with 93, 70 and above with 62, and 30s with 16.

The industries of delinquent corporations include real estate with 23 companies, retail and construction with 21 each, manufacturing with 18, services with 8, and others with 7.

The city has entrusted the Customs Service with the collection of taxes from the disclosed delinquents. When these delinquents enter the country, high-value portable items will be seized, or customs clearance of imported goods purchased through overseas direct purchase will be withheld.

In particular, starting this year, the city plans to create a visualized map by region of the disclosed delinquents and publish it on the Incheon City website. This map will allow residents to easily identify unscrupulous tax delinquents in their neighborhood and report their hidden assets.

Those who provide evidence to verify tangible or intangible hidden assets of delinquents can receive a reward of up to 100 million KRW based on the amount collected.

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