Yangsan-si Promotes Fair and Business-Friendly Tax Audits Centered on Taxpayers

Continued Operation of the Tax Audit Timing Selection System
Enhancing Corporate Convenience

Yangsan City in Gyeongnam Province has established the '2025 Local Tax Audit Basic Plan' to realize fair taxation, enhance the awareness of sincere tax payment, and expand local finances, and plans to conduct full-scale tax audits starting from mid-February.

The city has selected six key focus tasks for this year's taxpayer-centered fair tax audits as the basic direction: △regular corporate tax audits △actual condition surveys of tax-exempt real estate △acquisition tax investigations on stock transfers △investigations of large construction companies' apartment complexes △investigations of large buildings constructed by corporate contractors △and sincerity investigations in vulnerable sectors.

Regarding regular corporate tax audits, 70 corporations that have not been audited within the last four years were selected as audit targets through the deliberation of the Local Tax Deliberation Committee. Additionally, tax audits will be deferred for three years for corporations recognized for tax contributions and companies certified for excellent job creation to allow them to focus on business activities.

For corporations selected as audit targets, written audits will be the principle to avoid interfering with business activities, supplemented by direct audits. Considering the tax audit burden on companies, the timing of the audit will be pre-notified to allow corporations to choose, and a corporate-friendly tax audit will be promoted by actively reflecting corporate opinions.

In particular, from February to May, a rigorous actual condition survey will be conducted on tax-exempt properties over the past five years to ensure tax justice and fair taxation, focusing on △use for other purposes △sale within the mandatory usage period △closure of succession businesses △stock disposal matters, and other violations of exemption conditions. For taxable properties found to have violated exemption conditions, local taxes exempted will be reclaimed including additional taxes.

A Yangsan City official stated, “We will promote fair tax audits based on laws and principles to realize tax justice and fair taxation and to enhance the awareness of sincere tax payment,” adding, “We will do our best to respect taxpayers’ rights, including the continued operation of the audit timing selection system.”

Yangsan City Hall.

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