Suwon Selected as Top-Performing Municipality in Tax Administration...Gyeonggi Province Provides Business Funding

[Suwon Ilbo = Park No-hoon] Gyeonggi Province announced on the 25th that it selected 16 municipalities including Suwon, Gimpo, and Pocheon as outstanding municipalities in tax administration operations for their efforts in local tax collection and expanding independent financial resources, and provided 800 million won in reward project funds.

The local tax administration evaluation was conducted through careful verification based on three groups divided by tax revenue scale and population size, assessing five basic indicators including local tax collection performance such as collection rates and growth rates, accuracy of tax revenue estimates that serve as the foundation for provincial budget revenue, and response capabilities to administrative litigation and tax appeals, as well as 10 deduction and addition items including contribution to government policies.

As a result of the evaluation, Suwon, Gimpo, and Pocheon were selected as the top-performing municipalities in each group and were allocated 1.1 billion won, 900 million won, and 800 million won in reward project funds, respectively.

Namyangju (800 million won), Paju (650 million won), and Yeoju were selected as excellent municipalities, while Yongin (550 million won), Anseong (450 million won), and Osan were selected as encouraging municipalities (400 million won).

Seven municipalities including Bucheon will receive financial incentives of 25 million won each as meritorious awards. The province will grant commendations to these municipalities and also present provincial governor commendations to 16 meritorious public officials.

Despite the COVID-19 pandemic last year and the government's strict policy on multiple-house ownership restrictions, housing transactions concentrated in the Gyeonggi region, recording the highest housing transaction growth rate in history (80.3%), collecting an additional 1.6758 trillion won in acquisition tax compared to the previous year.

The province explained that the results of efforts by municipal and county tax officials were visibly demonstrated, including protecting independent financial resources by jointly responding promptly to high-value local tax administrative litigation cases.

Oh Tae-seok, head of the Local Autonomy Bureau of Gyeonggi Province, said, "In the future, regarding the evaluation of municipal and county tax administration operations, we plan to select and focus support on municipalities that have made significant efforts and contributions rather than distributing financial incentives in small amounts to many municipalities. We will maximize the expansion of independent financial resources through fair and rigorous competition."