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The National Tax Service has written to car importers asking them to submit their sales records for the last three-and-a-half-years as well as personal information of buyers, hinting at a massive tax investigation. The Korea Automobile Importers and Distributors Association (KAMA) has objected and vowed to take action.
The tax investigation is tipped to come up in negotiations for a free trade agreement between Korea and the U.S. starting on June 5 in New York since tariffs on U.S. cars, a key export item, are on the agenda.
In the letter obtained by the Chosun Ilbo on Thursday, the Jungbu Regional Tax Office last month asked 82 car importers and distributors including Pyeonghwa Motors, Hansung Motors and Deutsch Motors to submit their sales records from July 1, 2002 until Dec. 31, 2005. It also asked them to submit relevant documents recording details of buyers such as corporate registration numbers -- or names and identification numbers for individual buyers -- models, copies of receipt and records concerning the special excise tax.
¡°We have been asked to submit business performance documents for tax investigation before, but it¡¯s usually been sales records for one year,¡± a car importer said. ¡°Asking for all documents for three-and-a-half years is excessive.¡±
(englishnews@chosun.com )
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