SME Leaders Meet Commissioner Kwanghyun Lim: "Please Refrain from Tax Audits During Key Administrative Periods"

Communication Meeting Held Between National Tax Service Commissioner and SME Representatives
Linking Public MyData for Yellow Umbrella Subscribers, Among Other Issues
25 Proposals Delivered and Calls for Improvement Measures

The small and medium-sized business community met with Kwanghyun Lim, Commissioner of the National Tax Service, and requested restraint from conducting tax audits during key administrative work periods for small and medium-sized enterprises.

Kwanghyun Lim, Commissioner of the National Tax Service, and Kim Kimoon, President of the Korea Federation of Small and Medium Business (right), are attending a communication meeting held at the Korea Federation of Small and Medium Business in Yeongdeungpo-gu, Seoul. Korea Federation of Small and Medium Business

On September 30, the Korea Federation of Small and Medium Business held a “Communication Meeting with National Tax Service Commissioner Kwanghyun Lim and SME Representatives” at its headquarters in Yeongdeungpo-gu, Seoul, and submitted 25 proposals for institutional improvement, including this request. The meeting was attended by about 30 people, including Kim Kimoon, Chairman of the Korea Federation of Small and Medium Business, Kwon Hyukhong, Senior Vice Chairman, other SME representatives, Commissioner Kwanghyun Lim, and directors from the National Tax Service.

The SME representatives delivered 25 proposals aimed at easing the national tax administration burden on small and medium-sized businesses. These included: ▲refraining from tax audits during major administrative work periods for SMEs, ▲linking income deduction certificates for Yellow Umbrella subscribers to public MyData, and ▲improving procedures related to technical review for R&D tax credits. They also called for measures to be developed to address these issues.

Kim Kimoon, Chairman of the Korea Federation of Small and Medium Business, said, “The Federation conducts an annual survey on national tax administration, and while satisfaction had remained around 50% in recent years, this year it has significantly improved to 65%.” He added, “I hope the National Tax Service will continue its efforts to reduce the tax administration burden on SMEs.”

He continued, “Last year, over 1 million SMEs and small business owners closed their doors, and this year, with trade issues compounding the situation, SMEs are facing even tougher times. On the ground, businesses continue to express difficulties regarding tax audits.” He emphasized, “At a time like this, bold tax administration reforms are needed to revitalize businesses, such as piloting a system that exempts companies from tax audits if they have received a compliance confirmation from a tax agency.”

Kwanghyun Lim, Commissioner of the National Tax Service, responded, “We will focus all our efforts so that SMEs, which serve as the backbone of our economy, can concentrate solely on their business activities.” He added, “With the widespread adoption of computerized ledgers and documentation such as ERP systems, and the advancement of tax administration, it is now possible to conduct audits without being stationed at company sites. Therefore, we will fundamentally innovate the paradigm of tax audits, moving away from on-site investigations.”

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