National Tax Revenue from January to April 167.9 Trillion Won... 35 Trillion Won More Collected Compared to Last Year

[Asia Economy Sejong=Reporter Kim Hyewon] The amount of taxes collected from the beginning of this year through April has increased by nearly 35 trillion won compared to last year. The Ministry of Economy and Finance, burdened with the dishonor of 'excess tax revenue,' has decided to advance the timing of monthly national tax revenue disclosure by about half a month from the original schedule.

According to the Ministry of Economy and Finance on the 30th, national tax revenue from January to April this year amounted to 167.9 trillion won, an increase of 34.5 trillion won compared to the same period last year. The progress rate compared to the revised national tax revenue budget (396.6 trillion won) in the second supplementary budget was recorded at 42.3%.

By tax item, corporate tax (51.4 trillion won) increased by 21.4 trillion won, supported by last year's strong corporate performance. This year's corporate tax is paid based on last year's corporate operating results, and the individual standard operating profit of KOSPI December-settlement corporations last year (106.8 trillion won) increased by 58.2% compared to the previous year.

Income tax (44.6 trillion won) increased by 8 trillion won compared to a year ago due to recent employment recovery. Value-added tax (39.7 trillion won), which is directly linked to inflation, increased by 5.3 trillion won. Inheritance and gift tax increased by 400 billion won, comprehensive real estate tax by 100 billion won, and individual consumption tax by 100 billion won each.

However, transportation tax decreased by 2.1 trillion won due to the reduction in fuel tax. Securities transaction tax also decreased by 1.3 trillion won.

The government originally announced monthly national tax revenue through the monthly fiscal trend report in the middle of the month following the tax collection deadline, but from now on, it will disclose it within one month after the tax collection deadline through a separate press release. The scope of disclosure will also be expanded to include inheritance and gift tax, individual consumption tax, securities transaction tax, and others, and past national tax revenue progress rates will be provided together with tax revenue performance. The government stated, "We expect to increase predictability regarding revenue conditions through the expanded scope of disclosure." This is a measure taken following recent large-scale errors in tax revenue forecasts.

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