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S. Korea’s Tax Revenue Jumps On-Year in 2015

S. Korea’s Tax Revenue Jumps On-Year in 2015

SEJONG, Jan. 12 (Korea Bizwire) – South Korea’s tax revenue rose sharply on-year in the first 11 months of 2015 thanks to higher cigarette prices and increased real estate transactions, the finance ministry said Tuesday. In the January-November period, the government collected some 206.2 trillion won (US$171 billion) in taxes, up 16.8 trillion won from [...]

Korea’s Tax Revenue Increases by Collecting More Taxes from Businesses

Korea’s Tax Revenue Increases by Collecting More Taxes from Businesses

SEJONG, June 23 (Korea Bizwire) – South Korea’s tax revenue rose in the first four months of 2015 from a year earlier, helped by more taxes collected from businesses, the government said Tuesday. The finance ministry said it collected 78.8 trillion won (US$71.5 billion) in taxes in the January-April period, up 4.3 trillion won from the [...]

Korea’s 2014 Tax Revenue to Fall Short of Target by 13 Trillion Won

SEOUL, Dec. 29 (Korea Bizwire) – Korea’s 2014 tax revenue will likely miss its target by 11.7 trillion won (US$ 10.6 billion) to 12.7 trillion won (US$ 11.5 billion), according to a statement from the National Assembly Budget Office (NABO) on December 28. Korea’s tax revenue shortfall has been on the rise from 2.8 trillion won (US$ [...]