Gyeonggi-do Strengthens On-site Collection of Local Taxes Over 5 Million Won

Gyeonggi Province will conduct on-site collection for corporations with local tax arrears exceeding 5 million won through joint efforts with city and county governments until October.

The on-site collection targeting local tax delinquent corporations, implemented for the first time this year, will be carried out by Gyeonggi Province and 31 cities and counties through a comprehensive investigation of the corporations' sales status, property conditions, and operational status.

The main targets for on-site collection are 233 corporations suspected of habitual tax evasion despite having the ability to pay and engaging in intelligent concealment of assets.

Gyeonggi Provincial Government

Gyeonggi Province will conduct searches of the delinquent corporations' business sites, investigating all items with property value within the premises, along with corporate ledgers and related documents, and will enforce strong on-site collection measures such as seizing claims.

However, for sincere small and micro enterprises facing temporary financial difficulties due to management crises, the province will alleviate tax burdens by encouraging installment payments of local taxes and postponing seizure and sale.

No Seung-ho, Director of the Tax Justice Division of Gyeonggi Province, stated, "As high-value tax arrears have rapidly increased due to the prolonged economic downturn, strong delinquency measures against corporations are necessary. We will strictly respond to corporations that evade tax payments despite having the ability to pay, to realize fair taxation and foster a sound taxpaying culture."

Meanwhile, items seized through on-site searches of corporations will be used to cover delinquent tax amounts through the ‘Local Tax Delinquent Seizure Movable Property Auction,’ which Gyeonggi Province introduced nationwide for the first time.

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