167.9 trillion won… Progress rate 42.3%
Ministry of Strategy and Finance shortens the period of disclosure of monthly national tax revenue
National tax revenue until April this year was estimated at 167.9 trillion won, an increase of 34.5 trillion won compared to the same period last year.
According to the ‘State Tax Income in April 2022’ data released by the Ministry of Strategy and Finance on the 30th, the progress rate of national tax revenue until April was 42.3% compared to the supplementary budget (396.6 trillion won), which was higher than the average progress rate for the past five years (37.8%). .
Income tax was collected at 44.6 trillion won, an increase of 8 trillion won from the previous year, centering on wage and salary income tax following the recovery of employment, and corporate tax increased by 21.4 trillion won to 51.4 trillion won thanks to the improvement in corporate performance in the previous year.
VAT was collected at 39.7 trillion won, an increase of 5.3 trillion won due to an increase in consumption and imports.
Inheritance and gift tax was 6.5 trillion won, an increase of 400 billion won compared to the same period last year, and transportation tax was eliminated by 4.2 trillion won, down by 2.1 trillion won due to the fuel tax cut.
In addition, until April, tariffs of 3.8 trillion won, individual consumption tax of 3.4 trillion won, securities transaction tax of 2.6 trillion won, and liquor tax of 1.8 trillion won were received.
Meanwhile, the Ministry of Strategy and Finance announced on the same day that in order to meet the public’s right to know about national tax revenue at an early stage, the monthly national tax revenue disclosure period will be shortened to the end of the following month after the collection deadline.
It was decided to expand the scope of disclosure of the collection results for each tax category, such as inheritance and gift tax, and also to provide the progress cost of national tax revenues in the past.