Gyeonggi-do Offers Up to 100 Million Won for Tips on Tax Evasion and Delinquent Taxpayers' Hidden Assets

Gyeonggi Province is operating the ‘Resident Participation Local Tax Evasion Amount and Delinquent Taxpayer Hidden Property Reporting Reward System’ to eradicate tax evasion in the taxation blind spots and will pay informants up to 100 million KRW as a reward.

The recipients of the civilian reporting reward include ▲those who provide important data for calculating local tax evasion amounts and improper refund or exemption amounts ▲those who report hidden properties of delinquent taxpayers ▲those who contribute to discovering hidden tax sources.

Previously, Gyeonggi Province paid about 1 million KRW as a reward to citizens who reported information on local tax evasion last year.

Gyeonggi Provincial Government

Reports of evaded taxes and hidden properties can be made through the tax department of the city or county office with jurisdiction over the taxpayer’s location or via Wetax (wetax.go.kr). When reporting, specific documents such as accounting records, related ledgers, and sales contracts that can verify tax evasion or hidden properties of delinquent taxpayers must be attached.

Gyeonggi Province conducts investigations based on the reported information, and if additional tax amounts are collected or delinquent amounts are recovered as a result of the report and investigation, rewards are paid to informants after review by the Local Tax Deliberation Committee. The reward rate is 5-15% of the evaded tax amount and collected amount, with a maximum reward of 100 million KRW.

No Seung-ho, Director of the Tax Justice Division of Gyeonggi Province, said, "The methods of tax evasion and property concealment by high-amount delinquent taxpayers are becoming increasingly sophisticated, so the importance of reporting is growing. Since the identity of the reporter is kept confidential, we ask for the residents’ active interest and reports to realize tax justice."

Meanwhile, Gyeonggi Province is utilizing various collection techniques, including publicly disclosing the list of high-amount and habitual delinquent taxpayers to encourage fulfillment of tax obligations, and is striving to discover hidden tax sources.

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