'40 Million Won Tax Arrears Revealed as 800 Million Won Annual Salary'... Gyeonggi-do Implements 'Special Management' for High-Income Tax Delinquents
'Seizure of Salaries for Tax Delinquents Owing Over 100 Million Won'
Gyeonggi Province will conduct a full-scale investigation and special management of high-income employed tax delinquents earning over 100 million KRW annually among 80,000 delinquents who owe more than 3 million KRW.
The province announced on the 9th that it will carry out a full investigation of 80,000 delinquents by the end of this month and proceed with wage garnishment for those earning over 100 million KRW annually. For high-amount delinquents who refuse to pay until the end, the province will implement strong collection activities such as home searches and seizure of movable property.
Earlier, based on a preliminary survey of 10,000 people last month, 75 high-amount tax delinquents were identified, ranging from a doctor earning 800 million KRW annually who owes 40 million KRW in local income tax to a lawyer earning over 300 million KRW annually who has neglected to pay a relatively small property tax of 3 million KRW.
Ryu Young-yong, Director of the Tax Justice Division of the province, emphasized, "High-income professionals such as lawyers and doctors should set a relative example in fulfilling their tax obligations considering their social status," adding, "We will conduct strong special management of these individuals and do our best to foster a culture of sincere tax payment."
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Meanwhile, the province has established the '2023 Local Tax Delinquency Intensive Settlement Plan' and is introducing various collection methods, including tracking investigations of high-priced membership rights, electronic seizure of virtual assets, and full investigations of financial derivatives.
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