Suwon Awards Certification Plaques to Conscientious Tax Payers

[Suwon Ilbo=Reporter Seo Dong-young] Suwon City presented local tax conscientious taxpayer certification plaques to eight corporations and 12 individuals at City Hall on the 1st.

The conscientious taxpayers who received the certification plaques are ▲Iruda (Jangan-gu) ▲Handong Construction (Jangan-gu) ▲Daesung Hood Tech (Gwonseon-gu) ▲Innoface (Gwonseon-gu) ▲Seosuwon Saemaul Geumgo (Paldal-gu) ▲Dongsuwon Credit Union Cooperative (Paldal-gu) ▲Irycom Co., Ltd. (Yeongtong-gu) ▲Iljin Co., Ltd. (Yeongtong-gu).

Conscientious taxpayers are selected each year based on January 1st from among individuals and corporations with addresses or business locations in Suwon City.

To become a conscientious taxpayer, one must have no delinquent national or local taxes and pay at least three types of taxes on time every year for the past three years or more. Among these, corporations paying 50 million won or more annually and individuals paying 10 million won or more annually are eligible.

Candidates are recommended by the heads of the four district offices, and selection is made through review by the Local Tax Deliberation Committee. The selection quota is three individuals and two corporations per district.

Corporations designated as conscientious taxpayers receive benefits including exemption from tax inspections for two years starting from the 1st and one-time exemption from tax payment guarantees due to collection deferment. Individuals receive a 50% discount on municipal parking lot fees operated by the city for one year.