▲ Briefing, Tae-ho Kim, Director of Asset Taxation, National Tax Service


A, who owns the land in Gyosan, Hanam, created an agricultural corporation with his own principal and transferred the land of Gyosan to the agricultural corporation, and received capital gains tax reduction.



This is because there is a regulation that the transfer tax is reduced or exempted if a resident of the farmland location transfers farmland that meets the requirements for self-management to an agricultural corporation.



However, A is accused of receiving illegal exemptions for not vigilant.



In addition, there are suspicions that the stock of an agricultural corporation has been transferred at low cost to other corporations whose children, etc. are shareholders, or donated expediently.



Key B purchased large land compensation rights (the right to receive land instead of compensation when land is accepted) from the landlords of the Gwacheon development area and proceeded with the development project.



Key owner B was charged with false salary payments in the name of a relative of an employee, acquired expensive real estate by stealing corporate funds through a fake transaction with an undercover company, and using corporate passenger cars privately by the tax authorities.



Although the resale of large land compensation rights is illegal, the landowners resell them for 120% of the compensation amount.



I didn't pay any taxes.



Based on the results of analysis of land transactions in 31 residential and industrial complex development areas in 6 planned new towns in the 3rd phase, the National Tax Service detected a total of 165 tax evasion charges and initiated a tax investigation on them today (1st). Announced.



Most of the survey subjects were land acquirers in Namyangju Wangsuk, Hanam Gyosan, Incheon Gyeyang, Goyang Changneung, Bucheon Captain, and Gwangmyeong Siheung in the planned areas of the 3rd new city.



The National Tax Service prioritized the tax audit targets for the analysis of all transactions of more than a certain amount out of the five years prior to the announcement of the planned area in the third new city, taking into account the period of exclusion of national tax imposition.



The oldest 3rd new city announcement is in 2018, so the target of analysis can be traced back to 2013 depending on the region.



Among the development areas being further analyzed by the National Tax Service, some of them were announced in 2017, so when selecting a tax audit in the future, you can also look into the transactions in 2012, nine years ago, in this area when selecting a tax audit in the future.



The type of survey subject was ▲ 115 suspected of expedient donation (withdrawal of gift tax) whose source of funds for land acquisition was unclear ▲ 30 people, including the family members of the owners who acquired expensive real estate due to the outflow of corporate funds ▲ Suspicion of tax evasion while selling land in the planned development area by splitting shares There are 4 planned real estates with ▲ 3 false agricultural corporations established for the purpose of real estate development ▲ 13 real estate brokers who brokered high-priced transactions or brokered multiple transactions and omit reporting brokerage fees.



Regarding whether LH employees, public officials, or related persons were included among the subjects of the investigation, an IRS official said, "Because we have selected the subjects for analysis and investigation criteria, we cannot know whether they are included."



(Photo = Courtesy of the National Tax Service, Yonhap News)