Pocheon City Launches Investigation into 531 Unreported Acquisition Tax Cases for User-Leased Vehicles

Pocheon City in Gyeonggi Province (Mayor Baek Younghyeon) announced on October 2 that it will launch a special investigation into cases where individuals acquired vehicles after the termination of user lease contracts but failed to report acquisition tax.

Pocheon City Hall exterior. Provided by Pocheon City

This investigation is being conducted to recover omitted tax revenue and ensure tax fairness, in accordance with Gyeonggi Province's policy, and will continue until October 24. The investigation covers 531 vehicles with lease contracts that ended between January 2016 and May 2025.

The city plans to focus particularly on vehicles registered under the user's name, where ownership was transferred immediately upon contract expiration but acquisition tax was not reported.

Jung Youngok, head of the Taxation Division, stated, "For leased vehicles registered under the user's name, ownership is automatically transferred upon contract expiration. However, there are cases where people are unaware of their obligation to pay acquisition tax during this process, resulting in missed filings. If you acquire such a vehicle, please make sure to report and pay the acquisition tax."

Pocheon City plans to impose acquisition tax on confirmed cases through a tax notification process in accordance with relevant laws and precedents.

The city expects that this measure will serve as an opportunity to establish tax justice and fairness.

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