Suwon City in Gyeonggi Province has seen a significant increase in tax collections since introducing its mobile electronic notification service in November last year.
On October 29, Suwon City announced that the collection rate for property tax within the payment period in September reached 93.9%, up 2.4 percentage points from the previous year’s rate of 91.5%. The total amount collected was 186.5 billion won, an increase of 13.3 billion won compared to the previous year’s 173.2 billion won.
The city believes that the introduction of the "mobile electronic notification system" has improved the on-time collection rate of regular local taxes.
In November last year, Suwon City launched the mobile electronic notification service, which sends bills and guidance documents to eligible citizens via their smartphones using certified electronic document intermediaries such as Kakao and KT.
In fact, this year’s on-time collection rate for regular resident tax (individuals) increased by 6.5 percentage points compared to the previous year. The collection rates for automobile tax (first installment, up 6.3 percentage points), license registration tax (up 3.1 percentage points), and property tax (first installment, up 2.4 percentage points) also rose.
A Suwon City official stated, "We will analyze the reasons for property tax delinquencies and encourage payment by sending reminder notices to those in arrears," adding, "We will continue to encourage timely payments, carry out collection activities for overdue taxes to secure revenue, and raise tax awareness among citizens."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
