S. Korea to Not Extend Visas for Foreign Tax Defaulters | Be Korea-savvy

S. Korea to Not Extend Visas for Foreign Tax Defaulters

(image: KobizMedia/ Korea Bizwire)

(image: KobizMedia/ Korea Bizwire)

SEJONG, Apr. 25 (Korea Bizwire)South Korea will restrict the visa extensions of foreigners who default on tax payments as part of nationwide efforts to reduce tax dodgers, the government said Monday.

The Ministry of Justice said it will share all of the tax information of foreign residents here in South Korea with the National Tax Service and the Korea Customs Service.

Starting in May, immigration offices will be able to see the tax payment history of every foreigner who applies for a visa extension and reject the request if the person has a tax default.

A total of 180 billion won (US$158.9 million) of taxes are in arrears by non-South Korean nationals as of April, according to the government.

“The government agencies join hands to reduce tax arrearage by foreign residents and will help establish justice in taxation at large,” the justice ministry said.


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>