1. Reason for Revision

The proposed revision aims to improve and supplement certain deficiencies revealed in the operation of the current system by stipulating the prohibition of tax evasion consultations by licensed customs brokers and the confiscation or collection of profits related to name lending to maintain sound customs clearance order. It also expands the public service role of licensed customs brokers by enabling them to perform tasks commissioned by national and local governments other than public institutions.

2. Main Contents

a. The scope of duties of licensed customs brokers as provided under the Licensed Customs Broker Act now includes a representation service for pre-tax assessment claims performed by licensed customs brokers under the Customs Act.

b. The revision prohibits licensed customs brokers or their assistants from participating in aiding and abetting or providing counseling on taxpayers' fraudulent evasion of taxes or obtainment of refunds or deductions. It also provides necessary measures such as de-registration of their customs corporation, revocation of their customs processing licenses, or suspension of their business for up to one year.

c. The revision allows licensed customs brokers to perform services or tasks commissioned by the state and municipal governments other than public institutions. It also expands the scope of their consulting services.

d. The revision stipulates that any money, valuables or other benefits obtained by any person who lent the name of a licensed customs broker, or facilitated such an act, or a third party who is aware of the circumstances must be confiscated. If confiscation is not possible, the equivalent value must be collected.