Gyeonggi-do Province Tax Investigation for Real Estate Acquisition Corporation...KRW 99.9 billion collected from 3575 locations

Gyeonggi Province said it conducted an intensive tax audit of real estate acquisition corporations last year and collected 99.9 billion won from 3575 corporations.

If you look at the additional tax amount by tax, it is 85.8 billion won (86%) in provincial taxes such as acquisition tax, 10.4 billion won (10%) in municipal taxes such as property taxes, and 3.7 billion won (4%) in national taxes.

Corporation A, the implementer of a large-scale housing development project in the province, omitted various levies and infrastructure construction costs, and reported the construction cost lower than it actually was, and 19.2 billion won, including acquisition tax, was collected.

Corporation B, which was exempted from the acquisition tax by expanding the data center in the industrial complex, had to pay 4.1 billion won in local taxes after it was found to have operated the data center in the form of moving in servers and management personnel from other corporations.

Province plans to expand and promote tax audits on housing site development, urban development, redevelopment, and reconstruction projects that were caught in last year's tax audit this year.