Most Popular
-
1
Dongduk Women’s University halts coeducation talks
-
2
Defense ministry denies special treatment for BTS’ V amid phone use allegations
-
3
Russia sent 'anti-air' missiles to Pyongyang, Yoon's aide says
-
4
OpenAI in talks with Samsung to power AI features, report says
-
5
Two jailed for forcing disabled teens into prostitution
-
6
South Korean military plans to launch new division for future warfare
-
7
Trump picks ex-N. Korea policy official as his principal deputy national security adviser
-
8
Gold bars and cash bundles; authorities confiscate millions from tax dodgers
-
9
Kia EV9 GT marks world debut at LA Motor Show
-
10
Teen smoking, drinking decline, while mental health, dietary habits worsen
South Korea's tax revenue increased by nearly 20 trillion won ($18.2 billion) in the first six months of the year on an increase in corporate and value-added taxes, the government said Wednesday.
In the January-June period, the government collected 125.6 trillion won, up from 106.6 trillion won tallied over the same period last year, according to the Ministry of Strategy and Finance.
The six-month tally represents 56.3 percent of the government's annual target of 222.9 trillion won.
Corporate tax gained 5.9 trillion won from a year earlier to 28.4 trillion won in the first six months of the year, while the revenue from value-added taxes came to 30.7 trillion won, up 5.8 trillion won over the cited period, the ministry said.
Income tax also added 4.9 trillion won from a year earlier to 35.5 trillion won on a rise in real estate transactions.
With a sharp rise in tax revenue, overall government income also climbed to 207.1 trillion won from 186.4 trillion won a year earlier.
Total government spending reached 215.1 trillion won over the six-month period, up from 210.3 trillion a year earlier, with the government balance posting a deficit of 8.1 trillion won.
As of end-June, overall government debt stood at 591.7 trillion won, up from 592.7 trillion won a month earlier. (Yonhap)
In the January-June period, the government collected 125.6 trillion won, up from 106.6 trillion won tallied over the same period last year, according to the Ministry of Strategy and Finance.
The six-month tally represents 56.3 percent of the government's annual target of 222.9 trillion won.
Corporate tax gained 5.9 trillion won from a year earlier to 28.4 trillion won in the first six months of the year, while the revenue from value-added taxes came to 30.7 trillion won, up 5.8 trillion won over the cited period, the ministry said.
Income tax also added 4.9 trillion won from a year earlier to 35.5 trillion won on a rise in real estate transactions.
With a sharp rise in tax revenue, overall government income also climbed to 207.1 trillion won from 186.4 trillion won a year earlier.
Total government spending reached 215.1 trillion won over the six-month period, up from 210.3 trillion a year earlier, with the government balance posting a deficit of 8.1 trillion won.
As of end-June, overall government debt stood at 591.7 trillion won, up from 592.7 trillion won a month earlier. (Yonhap)
