Gyeonggi Province Seizes 73.5 Billion Won in Court Deposit Funds from 3,450 Delinquent Local Tax Payers

[Suwon Ilbo=Park No-hun Reporter] Gyeonggi Province announced on the 22nd that it has seized 73.5 billion won in court deposit funds from 3,450 delinquent local tax payers through inquiry and collected 1.4 billion won through collection efforts.

The province requested court deposit data from the Supreme Court Administrative Office in December of last year regarding 379,963 delinquent tax payers with local tax arrears of 300,000 won or more. After securing the court deposit data, the province proceeded with bulk seizure of court deposit funds totaling 73.5 billion won from 3,450 delinquent payers.

In this process, the province collected 400 million won in delinquent taxes from 288 people through court collection and collected 1 billion won in delinquent taxes from 264 people through voluntary payment after seizure notice.

Court deposit funds refer to money or securities that litigation parties place with the court for purposes of debt repayment, collateral, or safekeeping when conducting litigation over debts and credits or enforcement of real estate auctions. For this reason, collection efforts are primarily conducted targeting delinquent payers whose whereabouts are unknown or whose assets cannot be located for seizure.

Lee Ui-hwan, Director of the Tax Justice Division at the province, stated, "Through the court deposit fund seizure process, we found signs that many delinquent payers intentionally avoided paying taxes by voluntarily paying their taxes," adding "We will continue to realize tax justice through strong measures including not only court deposit inquiries but also home searches and forced auctions."