- Gwangyang City received a VAT refund of about 1 billion KRW (10억원) through a correction claim related to the construction of a multi-purpose sports complex.
- The refund was achieved through close cooperation between the accounting and sports departments, and careful review of relevant laws and other local government cases.
- The city expects this refund to significantly contribute to its fiscal soundness amid a shortage of tax revenue.
- The process involved thorough document review and on-site inspection by the National Tax Service.
- City officials expressed pride in uncovering hidden financial resources and contributing to public service.
Source: jnilbo.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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