2023-05-23 03:00:20
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Distributor A, who was in arrears in paying comprehensive income tax, recently won first prize in the lottery and earned billions of won. Mr. B, a lessor, bought a factory building with his children with the proceeds from the sale without paying capital gains tax following disposing of his real estate. It was aimed at the fact that seizure of the shareholder’s share is impossible if one real estate is jointly owned by several people. The National Tax Service announced on the 23rd that it is conducting a property tracking investigation once morest 557 delinquents who hid their assets despite their ability to pay taxes. A planning analysis was conducted on 261 people, including 135 delinquents who avoided paying taxes through registration of shareholding or setting up false collateral, 36 delinquents who won a large lottery, and 90 delinquents who bought lottery rights to local housing associations without paying taxes. So far, we have recovered 10.3 billion won in tax arrears. According to the National Court Administration, the number of registered oil owners in Korea was 358,218 last year, an increase of 20,000 compared to 2019 (338,758) three years ago. The remaining 296 large delinquents, including unregistered loan sharks who hid their assets in the name of their spouses, have also confirmed the charges through a follow-up investigation and have started filing lawsuits and accusations.
Provided by the IRS
Deputy Prime Minister and Minister of Strategy and Finance Choo Kyung-ho previously held a meeting on tax arrears at the Sejong Government Complex on the 17th and ordered National Tax Service Commissioner Kim Chang-gi and Customs Service Commissioner Yoon Tae-sik to strengthen tax collection in arrears. As the tax revenue shortage problem has become serious this year, it is like tightening the reins on tax collection. Last year, the National Tax Service collected a total of 2.5629 trillion won in cash or bonds through a property tracking investigation. Kim Dong-il, head of the National Tax Service’s tax collection law bureau, said, “We will track and collect the hidden assets of malicious delinquents to the end, but we will actively support taxation by deferring seizure and sale of livelihood delinquents in economic difficulties.” Reporter Park Jong-oh [email protected]
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