Icheon-si Finds Hidden Insurance Money from Habitual Tax Delinquents

Full Survey of 20 Insurance Companies Leads to Seizure Measures for 157 Major Delinquent Taxpayers
City: "We Will Continue to Develop New Collection Methods to Realize Tax Justice"

On the 17th, Icheon City in Gyeonggi Province announced that it plans to seize hidden insurance payouts of delinquent taxpayers to collect overdue non-tax revenues. The city explained that this is the first insurance payout seizure measure among local governments in Gyeonggi Province.

Non-tax revenue refers to all income of local finances excluding local taxes, local allocation taxes, and subsidies. Representative examples include various charges, fines, and penalties related to development activities.

The targets for this insurance payout seizure are 157 high-amount non-tax delinquent taxpayers, with a total overdue amount of approximately 4 billion KRW. The main delinquent accounting items include development charges, compensation under the Public Property Act, and enforcement penalties.

The city plans to conduct a full survey of 20 insurance companies to check whether the delinquent taxpayers have insurance policies and, after reviewing the effectiveness, proceed with the seizure. This will be promoted as a key task this year to implement more effective collection measures against chronic delinquents whose general financial assets such as deposits and salaries cannot be traced.

A city official stated, "Since it has been difficult for tax authorities to verify insurance payouts, they have been perceived as safe assets for delinquent taxpayers to evade payment," adding, "Through the new collection method of 'insurance payout seizure,' we aim to raise delinquent taxpayers' awareness and realize tax justice."

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