Politics · South Korea · 2 hrs ago
South Korea tax audits uncovered 10.5 trillion won in additional income
South Korea’s tax agency found 10.5344 trillion won in extra income through audits of companies and individual business owners last year.
The total was the highest in five years.
Audits of individual business owners revealed extra income worth more than 20% of the total income identified in those audits.
The agency carried out 5,111 audits of companies, also the highest number in five years.
It assessed companies an additional 4.127 trillion won in tax, while extra tax charged to individual business owners rose to 675.4 billion won from 657.2 billion won the year before.
The figures show how much income audits can uncover beyond what businesses initially report.
South Korea’s tax authority found 10.5344 trillion won in additional income through audits of companies and sole proprietors last year.
The amount was the highest in five years.
More than 20% of the income identified for audited sole proprietors was found during the audit process.
The tax authority conducted 5,111 company audits, the most in five years.
It imposed 4.127 trillion won in additional taxes on companies and 675.4 billion won on sole proprietors.
- Who
- South Korea’s National Tax Service audited companies and sole proprietors.
- What
- The audits uncovered 10.5344 trillion won in additional income.
- When
- Last year, according to the report published on November 2, 2026.
- Where
- South Korea.
- Why
- Not stated
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- Additional income found
- 10.5344 trillion won
- Company audits
- 5,111, the highest number in five years
- Additional tax on companies
- 4.127 trillion won
- Additional tax on sole proprietors
- 675.4 billion won
- Sole proprietor income found during audits
- More than 20% of confirmed income