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Korea Customs is working to tackle tax evasion and offering tax support to assist businesses given economic condition.
First, we will not tolerate illegal acts and delinquent tax payers while leveling the playing field for businesses to ease the burdens of having tax investigation.
Second, we will improve the efficiency of administrative procedures for companies and relieve the burden of customs investigation. Instead, simple and partial investigation will be carried out and improve standard to make sure there is no dead zone in tax investigation. We will also monitor any violations to protect people’s health and social safety. In addition, sanctions will be issued for uncooperative multinational companies who violate the customs law.
Third, in times of crisis such as war, disruptions of supply chain, emergency or disaster, we will allow deferral of tax payment, installment payment and suspension of tax investigation. Moreover, National Tax Service (NTS) will support AEOs, compliant tax payers, job-creating companies. NTS will also expand tax support measures for companies who create new jobs and initiate eco-friendly projects.
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