청 "Increase in Simplified Taxation Threshold Is Fulfillment of President Moon's Promise"

Cheongwadae Emphasizes Significance of Tax Reform Including Increase in Simplified Taxation Threshold... "Measures to Reduce Burden on Small Business Owners and Micro-Entrepreneurs"

[Asia Economy Reporter Ryu Jeong-min] The Blue House evaluated the government's increase in the simplified taxation threshold as a long-standing wish of small business owners and micro-entrepreneurs, calling it a policy achievement of President Moon Jae-in.

Yoon Jae-kwan, deputy spokesperson of the Blue House, said on the 22nd, "The tax reform plan for next year was announced today. The plan includes a significant increase in the value-added tax simplified taxation threshold from the current 48 million won to 80 million won," adding, "this measure aims to reduce the burden on small business owners and micro-entrepreneurs facing difficulties by expanding simplified taxation."

[Image source=Yonhap News]

Deputy Spokesperson Yoon said, "It provides convenience for taxpayers and effectively lowers the actual tax burden. Expanding the scope of simplified taxation has been a long-standing wish of small business owners and micro-entrepreneurs," and added, "President Moon directly listened to related opinions through dialogues with small business owners and micro-entrepreneurs in early February during the initial phase of COVID-19."

Deputy Spokesperson Yoon said, "President Moon is determined to break the formula that crises increase inequality. Rather, he intends to turn the crisis into an opportunity to reduce it,"

"The measure to raise the simplified taxation threshold for the first time in 20 years is a realization of President Moon's consistent will. It is the fulfillment of the promise to reflect the vivid voices from the field as much as possible in policy," he evaluated.

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