[Second Release of National Tax Statistics] 310.5 Billion KRW Levied in Real Estate Capital Gains Tax Last Year

Securities Transaction Tax Base 2364 Trillion... KOSPI Stocks Account for 51.9% with 1227 Trillion

[Asia Economy Reporter Kwangho Lee] Last year, most of the additional collection of capital gains tax was imposed on real estate, totaling 350.9 billion KRW. The tax base for securities transaction tax was recorded at 2,364 trillion KRW.

On the 12th, the National Tax Service (NTS) disclosed the second early release of national tax statistics containing this information. The NTS provides statistics that can be produced throughout the year in advance for prompt use of related information before publishing the annual National Tax Statistical Yearbook every December.

This release includes a total of 86 statistical tables, such as the performance of asset tracking investigations on high-value tax delinquents. In July, 95 statistical tables were released in the first phase. The total of 181 statistical tables released early this year is 11 more than last year's early release (170 tables).

By category (item), there are 20 corporate tax tables, 16 value-added tax tables, 11 consumption tax tables, 8 electronic tax source tables, 8 international tax tables, 5 general (collection) tables, 5 tax audit tables, 4 inheritance and gift tax tables, 4 appeal tables, 2 electronic filing tables, and 3 student loan repayment tables.

The statistical tables can be accessed on the National Tax Statistics website, the NTS website, and the National Statistical Portal (KOSIS).

Last year, the number of capital gains tax cases was 41,000, a 1.6% decrease compared to the previous year, while the assessed tax amount increased by 3.0%.

In particular, the assessed tax amount related to real estate (land and buildings) was recorded at 310.5 billion KRW, accounting for 88.5% of the total assessed tax amount.

During the same period, the number of securities transaction tax filings was 104,000, and the calculated tax amount was 4.4957 trillion KRW.

The tax base was 2,365 trillion KRW, of which KOSPI stocks accounted for 1,227 trillion KRW, representing 51.9% of the total.

The calculated tax amount was 1.3274 trillion KRW for KOSPI stocks and 2.838 trillion KRW for KOSDAQ stocks.

An NTS official stated, "We will continue to increase the number of early-released national tax statistics in response to demand for their use, and strive to discover and disclose more diverse and new statistics that help citizens' daily lives and tax policy research."

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