Tax Revenue up $19.6 Bil. in Sept. Amid Chip Supercycle
4 Articles
4 Articles
Tax revenue up $19.6 bil. in Sept. amid chip supercycle
Korea's tax revenue rose by 26.4 trillion won ($19.6 billion) in September from a year earlier on the back of higher corporate tax collections driven by improved earnings at chipmakers, data showed Friday. The government collected 55.2 trillion won in taxes last month, according to the Ministry of Finance and Economy. Corporate tax revenue rose by 23.6 trillion won to 36.2 trillion won, with the finance ministry attributing the increase to impro…
The Ministry of Finance and Economy announced on the 30th that the government's national tax revenue for January to September of this year increased by 33% compared to the same period last year. This was driven by a significant rise in corporate tax revenue due to improved performance by semiconductor companies, as well as expanded securities transaction tax revenue resulting from increased stock market trading volume and tax rate reductions. Ac…
National taxes collected from January to September this year totaled 385 trillion won, an increase of 95.4 trillion won compared to a year ago. Corporate tax revenue increased by over 50 trillion won due to improved performance by semiconductor companies, while earned income tax, value-added tax, and securities-related tax revenues also rose. According to the "Status of National Tax Revenue for September 2026" released by the Ministry of Financ…
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