[First Release of National Tax Statistics] Golf Course Excise Tax 193.4 Billion KRW, Up 4.1%... 16.36 Million Visitors

Car Special Consumption Tax 795.4 Billion Won... 18.6% Decrease Compared to Previous Year

[Asia Economy Reporter Kwangho Lee] The National Tax Service (NTS) disclosed 95 national tax statistics items early on the 17th, ahead of the scheduled publication of the National Tax Statistical Yearbook in December this year.

The NTS publishes the National Tax Statistical Yearbook every December to help the public understand national tax administration and to support tax policy formulation and research. To enable earlier access to tax statistics information, the NTS produces and releases statistics early during the year. This year, early disclosure will be conducted twice.

The first early disclosure includes 94 items, which is 11 more than last year's 84 items, accounting for 18.6% of the total national tax statistics tables (510 in 2019).

Last year, the reported individual consumption tax amount for golf courses was 193.4 billion KRW, an increase of 4.1% compared to 2018.

The number of visitors was 16.36 million, an increase of 790,000 from 15.57 million in 2018.

On the other hand, the reported individual consumption tax amount for passenger cars was 795.4 billion KRW, a decrease of 18.6% compared to 2018.

The reported individual consumption tax amount for entertainment food and beverage establishments also showed a declining trend, amounting to 82.7 billion KRW.

The early disclosed national tax statistics tables are available on the National Tax Statistics website, the NTS website, and the National Statistical Portal.

An NTS official stated, "We will continue to reflect the diverse opinions of national tax statistics users and carry out the second early disclosure (scheduled for November) and the publication of the National Tax Statistical Yearbook (scheduled for December) with substance."

This content was produced with the assistance of AI translation services.