Suwon City Awards Certification Plaques to '2021 Sincere Taxpayers' Including 8 Corporations and 12 Individuals

[Suwon Ilbo=Reporter Jung Jun-seong] Suwon City announced on the 8th that it has awarded sincere taxpayer certification plaques to 8 corporations and 12 individuals who faithfully paid local taxes in 2021 and contributed to building a sound tax payment culture.

On the 6th, the city visited 8 sincere taxpayer corporate offices and presented certification plaques, while delivering plaques to 12 individual taxpayers at their respective district offices. No separate certification plaque awarding ceremony was held to prevent the spread of COVID-19.

The city selected sincere taxpayers in September through recommendations from each district office head (2 corporations and 3 individuals per district) and reviews by the Local Tax Deliberation Committee.

This year's sincere taxpayers are 8 corporations including Buk Suwon Credit Union, CY Mutec, Sekyung High Tech, Viatron, CTWell, Yusin Educational Foundation, Broge Korea, and Hanchang, along with 12 individual taxpayers.

Sincere taxpayers receive the following benefits: ▲Presentation of sincere taxpayer certification plaque ▲Full exemption from Suwon City public parking lot usage fees for one year ▲Exemption from corporate tax audits for 3 years and one-time exemption from tax payment guarantees due to collection extension ▲Opportunity to participate in city-sponsored events.

Sincere taxpayers are selected annually from among individuals and corporations with an address or business location in Suwon City as of January 1st. Eligible taxpayers must have no national or local tax arrears, have paid 3 or more obligations in full within the payment deadline every year for at least the past 3 years, and have paid an annual amount of 10 million won or more (individuals) or 50 million won or more (corporations).

Excluded are individuals or corporations that evaded or concealed national or local taxes within the past 3 years, and taxpayers selected as sincere taxpayers in Suwon City or meritorious taxpayers in Gyeonggi Province within the past 5 years.