Gyeonggi Province Offers Up to 10 Million Won for Reports on Tax Evasion and Hidden Assets of Delinquent Taxpayers

[Suwon Ilbo=Reporter Park No-hun] Gyeonggi Province will provide rewards of up to 10 million won to informants who report local tax evasion or hidden assets of delinquent taxpayers.

According to Gyeonggi Province on the 19th, the list of high-amount delinquent taxpayers can be checked on provincial and municipal government websites and on Wetax (www.wetax.go.kr).

Related reports should be submitted to the collection departments of cities and counties by fax, mail, or through Wetax by attaching concrete materials such as accounting documents, relevant ledgers, and sales contracts that can verify tax evasion or hidden assets of delinquent taxpayers.

Applicants for reward payments include ▲those who provide important materials for calculating local tax evasion amounts and improper refunds and tax exemption amounts ▲those who report hidden assets of delinquent taxpayers ▲those who contribute to uncovering hidden tax sources. The reward payment rate ranges from 5% to 15% of evasion and collection amounts, with the maximum reward payment of 10 million won.

The department in charge will conduct investigations based on reported information and, if evasion tax surcharge and delinquent amounts are collected as a result of investigation, the reward will be paid to the informant after deliberation by the Local Tax Deliberation Committee.

Meanwhile, consisting of 70 collection officials from the province and municipalities, the metropolitan delinquent tax task force engages in customized delinquent collection activities including house searches, electronic public sales, and virtual asset collection enforcement. This year, Gyeonggi Province's delinquent tax amount reaches 1.09 trillion won.

Accordingly, Gyeonggi Province annually publicizes lists of high-amount and habitual delinquent taxpayers to encourage tax payment obligations and is developing various new collection techniques such as seizing deposits through housing rental information. However, to eradicate tax evasion in tax blind spots, the interest and reports of provincial citizens are essential.

Ryu Young-yong, director of the Tax Justice Division of Gyeonggi Province, said, "So that citizens faithfully fulfilling their tax obligations do not feel relative deprivation, we will pursue delinquent taxpayers who maliciously evade tax payments to the end," and added, "The identity of the informant will be absolutely kept confidential, so we ask for the active attention and reports of provincial citizens."