Chungnam "New Delinquent Tax Collection Method 'Effective'... Achieves 70% of Annual Collection Target"

Chungnam Province has filled 70% of its targeted collection amount from high-value tax delinquents in the first half of the year using a new delinquent tax collection method.

On the 6th, Chungnam Province announced that it conducted collection activities targeting 523 high-value tax delinquents in the first half of this year, collecting a total of 9.3 billion KRW in delinquent taxes.

Through delinquent tax collection, Chungnam Province collected 43.4 billion KRW out of the carried-over delinquent amount of 151.3 billion KRW as of the end of May. This is about 70% of this year’s target amount of 62 billion KRW.

The collection activities focused on malicious high-value tax delinquents, with Chungnam Province and city/county governments conducting joint home searches, and emphasizing seizure of financial assets and wages, as well as public auctions of real estate and vehicles.

In particular, the first half of this year saw significant effects from applying new delinquent tax collection methods.

Chungnam Province collaborated with the National Health Insurance Service to seize and collect unpaid refunds of health and pension insurance premiums from high-value tax delinquents, thereby increasing the scale of collections.

Additionally, in the second half of the year, for the first time in the region, a full investigation of investment funds at local financial institutions such as regional Nonghyup will be conducted to seize these funds, and collection activities will be strengthened to achieve the collection target.

A Chungnam Province official stated, “Taxes are a universal obligation imposed on all citizens, and we will strongly respond to deliberate tax evaders through tracking and collecting hidden assets.”

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