Most Popular
-
1
Dongduk Women’s University halts coeducation talks
-
2
Defense ministry denies special treatment for BTS’ V amid phone use allegations
-
3
OpenAI in talks with Samsung to power AI features, report says
-
4
Russia sent 'anti-air' missiles to Pyongyang, Yoon's aide says
-
5
Two jailed for forcing disabled teens into prostitution
-
6
Trump picks ex-N. Korea policy official as his principal deputy national security adviser
-
7
S. Korea not to attend Sado mine memorial: foreign ministry
-
8
South Korean military plans to launch new division for future warfare
-
9
Gold bars and cash bundles; authorities confiscate millions from tax dodgers
-
10
North Korean leader ‘convinced’ dialogue won’t change US hostility
The government plans to increase the cash rewards given to people reporting tax evasion or providing related information to authorities, the Finance Ministry said Friday.
According to the ministry, the government will sharply increase the amount given to those tipping off authorities about tax evasions starting from July. In some cases, the amount will triple.
Under the revised rules, those who report evasion worth 500 million won ($437,445) to authorities can receive 75 million won as a cash reward. The current award for such a report is 25 million won, the ministry said.
The value of the reward will vary depending on how much money is involved. For reporting a tax evasion worth more than 750 million won, the prize could top 100 million won, the ministry said. (Yonhap News)
According to the ministry, the government will sharply increase the amount given to those tipping off authorities about tax evasions starting from July. In some cases, the amount will triple.
Under the revised rules, those who report evasion worth 500 million won ($437,445) to authorities can receive 75 million won as a cash reward. The current award for such a report is 25 million won, the ministry said.
The value of the reward will vary depending on how much money is involved. For reporting a tax evasion worth more than 750 million won, the prize could top 100 million won, the ministry said. (Yonhap News)
