Hello? He is the head of the property taxation office of the National Tax Service.
From now on, we will start briefing on the investigation into intelligent and unfair tax evasion by high value assets such as the inheritance and gift of the head of foreign immigrants, and the use of name accounts borrowed in the name of employees.
The first chapter is a summary of all the material. See page 2 of the document.
First of all, here is the background of the launch.
Considering the serious situation facing the Korean economy, the National Tax Service carefully implements tax investigations so that taxpayers can focus on normal business activities, but avoid malicious tax evasion that hinders national unity, such as avoiding privileged tax payer who inherits wealth easily. strong for him.
Recently, complex economic crises such as high inflation and high exchange rates are exacerbating the difficulties of the people, and national capabilities are being used to overcome them. Wealth is passed on to the children’s generation by avoiding the tax burden through inconsistent methods of hiding the name and hiding transactions, such as using corporations in the transaction process.
Accordingly, the National Tax Service developed an integrated inquiry system for foreign migrants to strengthen the process of verifying foreign migrants, and analyzed various inheritance payments and irregular gifts of high-income earners to conduct tax investigations against those suspected of tax evaders who fail to fulfill their duty to file and pay taxes due. Started.
Next, page 3 of the document.
A total of 99 subjects were inspected.
First, the selected types and cases involving foreign migrants.
After reporting overseas migration, domestic property was taken out in the name of overseas relocation costs, but if the property taken out while living in Korea is given to a child abroad or money transactions are made abroad, the authorities tax taking advantage of the fact that it is difficult to find the child in a foreign bank A suspect who has evaded payment of gift tax after gift by payment to a foreign account under his name and the suspect who died abroad after moving abroad, but did not file an inheritance tax return The suspect who failed the inheritance tax return, the following document is page 4. Twenty one people, including overseas migrants, who had their relatives living in Korea to manage their own domestic properties and to allow their relatives to enjoy rental income generated from those assets, such as the survey subjects.
In the second type, 21 people suspected of illegally leaking corporate funds and managing them in name accounts borrowed under the names of employees and relatives were selected, and 21 people suspected of evading the money were selected as money to acquire real estate for their children. ■ In the process of transferring real estate by an individual with a corporation who dies in the middle of the transaction, transferring it at a price similar to the acquisition price, and then re-transferring it to a third party at the true value in a short period of time A total of 99 people were selected, including 57 people who set up loan bonds in a corporation with the law, and who readily gave principal and interest from the corporation to their children in the form of earnings for the investigation.
Next, page 5 of Resources.
Among these, related businesses were also selected for investigation when it was confirmed that they had increased their assets by skipping sales or leaking corporate funds illegally.
Next, page 6 of Resources.
Plans for the future.
The National Tax Service will continue to carry out as few tax audits as possible in light of the economic crisis, but will respond more harshly to intelligent and unfair tax evasion among high income earners who feel they are being deprived from the majority of the public.
In particular, it goes to and from Korea as well as abroad to skillfully transfer wealth in an invisible way, or to continuously check the fraudulent and intelligent tax evasion of private interests and intelligent tax evasion in the process of operation business and high management. -wealth of individuals, and suspected malicious tax evasion such as concealing one’s name and using fictitious accounts If confirmed, we will take strict action, including charges.
As faithful reporting is the best tax saving method, we encourage taxpayers to fulfill their tax obligations faithfully.
That’s all.
[질문·답변]
※ Please understand that the content that cannot be confirmed due to the lack of use of the microphone is marked with an asterisk (***).
The integrated inquiries system for foreign migrants was said to be in use, but when was it developed and used, and what is the content, and I am curious as to what information is shared with other government departments in time real.
An integrated management system for foreign migrants has recently been developed. It’s been about 2-3 months since it was developed. It has been two or three months, and the content includes immigration records and property status of relatives related to foreign migrants and foreign migrants. And because it is in our internal network, it is not a situation where we can share with other organisations.
You’re probably investigating right now, but I’m curious to see what the estimated amount of tax evasion is. If the total amount is not listed, ‘Property worth KRW ○○ billion’ is listed here, but I wonder if there are some cases where the amount of tax evasion is estimated.
As a whole, the estimated amount of tax evasion can only be known after an investigation is actually confirmed. For information, among the subjects of this survey, the richest foreign immigrants are estimated to have earned about 16 billion. And I believe that the exact amount will only be known after the investigation is over for the rest of the details.
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The largest amount of domestic wealth among foreign immigrants subject to this survey is estimated to be around 16 billion won.
In this case, inheritance tax evasion was suspected by concealing the death of an overseas migrant Is there any other way to find out?
In fact, if you die abroad, it has been difficult for the domestic tax authorities to know immediately the fact of death until now. However, we share information through tax treaties, multilateral information exchange systems, or bilateral tax government agreements.
In addition, in some countries, you may be able to confirm the fact of death abroad through private private websites. Therefore, through the process of recognizing and confirming the facts with various information, we select and verify the research data.
If I had to ask one more thing about what you said before, you said that one person said it was 16 billion won, but the property. Can you guess the total fortune of 99 people?
So, I’m talking about the biggest amount right now. As I said before, the amount of income and additional tax that was avoided through this investigation needs to be summed up as I said before, and since we are estimating it now, I will tell you about it.
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So basically this is an individual’s capital gains, but the individual has to pay capital gains tax, right? Therefore, if this is a corporation or a loss-making corporation, the gains and losses from the transfer accumulate and there is no income. Therefore, because it is evading payment, the owner puts in the middle the insolvent corporation that the owner controls and the corporation with a loss in the middle, so that the transfer profit is written off in the this way.
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Yes.
Let me ask you a little more about the history of the case. In the first case, Father B is said to actually live in Korea. Is there any domestic residence or in this case, someone’s help, or some name of the domicile? Let me explain a little more about what was happening.
I’m sorry, but could you ask the question one more time?
In the first case, B’s father appears to be living in Korea, so what kind of domestic residence was it?
This is the first case at the moment What if Father B has not registered foreign immigration? And if there is no such fact, whether you have actually moved abroad and stayed in Korea, or whether you have actually lived in Korea, there is no tax problem at all.
Therefore, as we have written here in the reference material, if the beneficiary or the donor gives a foreign property as a non-resident, there is no such tax liability. However, the problem is that after making this statement, it is assumed that we live in Korea because the immigration records and various circumstances of staying in Korea have been confirmed.
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The real estate tax department will respond.
(Kang Dong-hoon, Head of Real Estate Tax Division) ***
What kind of person is the 16 billion won asset?
(Officers) ***
It’s in 99 of them now, but I’m attaching it here… It’s not in the case we’re talking about.
So, who has the highest amount of assets among the cases? I’m also curious about the size.
It’s something I haven’t fully understood at the moment, so not on a case by case basis.
(Clinical Director, Inheritance and Gift Tax Division) ***
The Inheritance and Gift Tax Division will respond.
(Clinical Director, Inheritance and Gift Tax Division) ***
Thank you
