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Thank You for Your Faithful Tax Payments — Busan Metropolitan City to Hold the 60th Taxpayer’s Day Commemorative Ceremony

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Busan Metropolitan City, led by Mayor Park Heong-joon, announced that it will hold the 60th Taxpayer’s Day commemorative ceremony today (March 3) at 2:00 p.m. in the City Hall Grand Auditorium.

Approximately 500 people, including Administrative Vice Mayor Kim Kyung-duk, exemplary taxpayers, and tax officials, will attend the event.

The event has been organized to promote a culture in which taxpayers who faithfully fulfill their local tax obligations, even under difficult conditions, are socially respected.

The ceremony will include the presentation of plaques to 36 exemplary taxpayers (20 corporations and 16 individuals) who have contributed to stable local tax revenue expansion and sound fiscal management, as well as to four individuals recognized for their contributions to the development of local tax administration. The program will also feature a screening of interview videos containing acceptance remarks from award recipients and the operation of a commemorative photo zone to express appreciation, respect, and courtesy toward exemplary taxpayers.

In accordance with the Busan Metropolitan City Ordinance on the Courtesy and Support for Exemplary Taxpayers, the City selected as exemplary taxpayers those who have faithfully paid a specified amount of local taxes for the past three consecutive years (at least 20 million won for corporations and 2 million won for individuals) and have contributed to the expansion of local finances, job creation, and support for neighbors in need, thereby promoting community development.

Candidates were recommended by district heads and county governors and selected following deliberation by the Local Tax Deliberation Committee.

Exemplary taxpayers will be granted a range of benefits, including a three-year deferral of local tax audits; a one-year exemption from Gwangan Bridge tolls and public parking fees; preferential interest rates from Busan Bank and KB Kookmin Bank for one year (0.1–0.3 percent); and a reduced guarantee fee rate from the Busan Credit Guarantee Foundation for one year (0.1 percent).

Administrative Vice Mayor Kim Kyung-duk stated, “This commemorative event is an occasion to honor exemplary taxpayers who demonstrate their love for the region through faithful tax payments. I extend my gratitude not only to today’s award recipients but also to all taxpayers who diligently fulfill their tax obligations.” He added, “The City is striving to create a Busan where faithful taxpayers are respected, and we will ensure that tax revenues are used carefully and where they are most needed so that faithful tax payment may realize even greater value.”