The National Tax Service verifies the taxation of 3,000 income earners accused of ‘reporting lack of sincerity’



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The National Tax Service enters tax verification for 3,000 people who have not properly reported income from home rentals, such as apartment rentals. Since home rental income of 20 million won or less per year is included in this year’s tax target, the number of people subject to tax verification has increased significantly.

The National Tax Service announced on the 10th that it will verify the taxes of 3,000 high-income rental companies that they suspect of reporting infidelity through big data analysis for high-priced multi-home rental companies. This year, rental income of less than 20 million won is also included in the tax target, and the number of tax verification targets increased by 50% compared to last year (2000).

The authorities obtained the housing rental income data through cooperation with related organizations such as the Ministry of Land, Infrastructure and Transport, and selected those who reported less rental income through the surrounding market price if there is no data from rent as jeonse’s rental date. This included people with multiple dwellings who did not report the amount of income or reported less income from renting an expensive apartment.

Starting this year, even a landlord whose base market price exceeds 900 million won will be required to report monthly rental income, so this tax inspection includes a landlord in the metropolitan area, such as Seoul, whose house prices are homes have increased significantly recently. (1) Landlords pay taxes only on monthly income earning more than 900 million won, 2 landlords pay monthly rent tax regardless of house price, and 3 or more landlords pay tax in the form of estimated rent, monthly rent and cheonsei deposit. The income considered is a concept that reflects the interest rate of a term deposit in the deposit and considers it as monthly income for the sake of equity with those who pay monthly income taxes. Tax authorities will focus on verifying last year’s income, but plan to expand the subject of verification if other acts of evasion are found. We plan to review the explanatory data as quickly as possible and notify the result early so that taxpayers do not suffer unfairly. A National Tax Service official said: “We will reduce the taxable dead zone by thoroughly managing tax sources for high-income rental home business owners” and “I urge you to meet your tax obligations with the recognition of that declaring faithfully is the best tax saver. “

Sejong = Reporter Song Chung-Hyun [email protected]

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