Suwon City Achieves 84.1% of Delinquent Local Tax Collection Target as of September, Collects 37.2 Billion KRW

Suwon City in Gyeonggi Province collected 84.1% of its delinquent tax collection target as of September this year.

Suwon City set a collection target of 44.237 billion KRW for delinquent 'local taxes and non-tax revenues' this year, and as of September 30, had collected 37.2 billion KRW, which amounts to 84.1% of its annual goal, the city announced on October 31.

During this period, Suwon City collected 1.81 billion KRW from 568 major delinquent taxpayers. The city also requested 222 public auctions and imposed account and salary seizures in approximately 158,000 cases.

Lee Wongu, Director of Economic Policy at Suwon City, stated, "Although it is not easy to collect delinquent taxes due to domestic and international uncertainties, we will continue strong collection efforts by operating an intensive collection period in the second half of the year," adding, "We aim to contribute to the city's fiscal soundness through these collection efforts."

Meanwhile, on October 30, Suwon City held a 'Second Half-Year Delinquent Local Tax and Non-Tax Revenue Collection Strategy Briefing' in the city hall situation room to share collection strategies and the progress of each department for the second half of the year.

By the end of the year, Suwon City plans to further increase the collection rate through delinquent taxpayer surveys, asset seizures and impoundments, and the operation of on-site collection task forces. The city aims to collect more than its annual target of 44.2 billion KRW and will make every effort to minimize the amount of delinquent taxes carried over to the next year.

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