The Commissioner of the National Tax Service “Strengthened verification of real estate tax evasion, etc. … deferment of tax investigation for small businesses”

The National Tax Service will strengthen the verification and tracking of real estate-related tax evasion and malicious and habitual delinquents this year. The tax burden is reduced by deferring tax audits until the end of the year for small businesses and small business owners suffering from COVID-19.

The National Tax Service held the ‘2022 National Tax Office Heads Meeting’ on the 26th and announced the ‘National Tax Administration Operation Plan’ with these contents. This year’s major tasks are largely divided into strict enforcement of unfair tax evasion, support for economic stability for people’s livelihoods, and provision of high-quality tax payment services. The National Tax Service plans to take strict measures against unfair tax evasion that undermines the social atmosphere in line with the time of economic recovery this year. Kim Dae-ji, head of the National Tax Service, said, “We must eradicate unfair tax evasion practices that impede the even recovery of the economy.

In the case of tax evasion related to real estate transactions, we plan to look into the source of funds for people who have acquired high-value assets relative to their income, including young people who bought houses even though they have insufficient funds. The subject of verification is the case of acquiring high-value assets such as houses, shopping malls, and buildings. In addition, verification of large debt repayers will be strengthened. This includes people who have purchased real estate with a large loan and have repaid their debts. The National Tax Service will check the sources of these funds and launch an intensive investigation if charges of tax evasion are found. In the case of malicious arrears in large amounts, a management team dedicated to analyzing arrears is established at the local government, and a field task force is introduced on a trial basis in the arrears collection and collection department of the frontline tax office to start tracking.

The National Tax Service will also extend the deferment of tax investigations for small businesses and small businesses suffering from COVID-19, including about 3.2 million small business owners who are eligible for quarantine subsidies, until the end of this year by the end of this year. In addition, the final VAT return will be delayed from January to March, and the interim payment of global income tax for small business owners in industries not subject to loss compensation will be deferred from February to May.

Work and child subsidy payment and settlement procedures are integrated. In the meantime, after paying the second half of June, there were many cases of recovering the additional payment during the September settlement process. From this year, if payment for the second half of June and annual income settlement are completed at the same time, the number of refunds after payment is expected to decrease.

For the convenience of taxpayers, a reservation service will be introduced at the tax office’s civil service office where they can receive a number ticket online. Hometax 2.0 and mobile hometax (Sontax) will be upgraded, and the ‘AI tax secretary’ will be introduced on a trial basis, using artificial intelligence (AI) and big data technology to automate the entire process of filing and payment.

In consideration of the spread of COVID-19, the meeting was held in a virtual space similar to an actual conference hall using Metaverse (three-dimensional virtual space) technology.

Kim Dae-ji, head of the National Tax Service, speaks during a video conference with the heads of tax offices across the country held at Government Complex Sejong 2 on the 26th. provided by the IRS

The Commissioner of the National Tax Service “Strengthened verification of real estate tax evasion, etc. ... deferment of tax investigation for small businesses”

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