Kim Hyunjun, Commissioner of the National Tax Service, "Complete Suspension of Tax Audits in Daegu and Gyeongbuk... Conduct Only When Absolutely Necessary"

Focusing All Efforts... Swift and Bold Tax Support Implementation
Full-Scale Response Including On-Site Inspections of Mask Hoarding and Resale
Active Tax Support Led by the 'Dedicated Tax Support Response Team'
Nationwide 15-Day Extension of the Semiannual Earned Income Tax Credit Application Deadline

Kim Hyun-joon, Commissioner of the National Tax Service, is delivering opening remarks at an emergency video conference of local National Tax Service commissioners held at the Government Sejong 2nd Office Building on the 27th.

[Asia Economy Reporter Kwangho Lee] On the 27th, Kim Hyun-jun, Commissioner of the National Tax Service, said, "For the Daegu and Gyeongbuk regions, temporarily suspend the initiation of new tax investigations and completely halt ongoing tax investigations to alleviate the investigation burden."

On the same day, Commissioner Kim held an "Emergency Local National Tax Service Commissioners Video Conference" at the Government Sejong Second Office and instructed, "Except for unavoidable cases such as the imminent expiration of the statute of limitations for tax imposition, minimize on-site business inspections and requests for attendance as much as possible, conducting tax investigations only to the necessary minimum."

However, he ordered, "In the national crisis situation, thoroughly conduct on-site inspections of distribution order against mask hoarding and profiteering acts, and respond with full force."

Commissioner Kim also emphasized, "To reduce the economic burden on taxpayers affected by COVID-19, actively provide tax support centered on the 'Tax Support Dedicated Response Teams' established at each office."

He continued, "Execute without delay the discretionary extension of the corporate tax filing deadline by one month for companies located in the special infectious disease management areas of Daegu and Cheongdo, and extend the semi-annual application deadline for the Earned Income Tax Credit for low-income households nationwide by 15 days (from March 16 to 31), starting from the 1st of next month."

Additionally, he added, "To ease taxpayers' financial burdens, actively implement payment extensions, collection deferrals, and postponements of delinquency measures, promptly pay value-added tax refunds, and swiftly process correction claims."

The meeting was attended by Commissioner Kim, seven local National Tax Service commissioners, and 125 tax office chiefs nationwide.