South Korea Expects to Increase Tax Take
Categories: Taxation in South Korea
The South Korean Government expects its tax collection to grow by 9.2% annually, between 2011 and 2013. According to the report submitted by the Finance Ministry to the National Assembly of Korea, the nation will see an annual increase of approximately 9.2% in its tax collection and a 5% rise in GDP, annually between the [...]
The South Korean Government expects its tax collection to grow by 9.2% annually, between 2011 and 2013. According to the report submitted by the Finance Ministry to the National Assembly of Korea, the nation will see an annual increase of approximately 9.2% in its tax collection and a 5% rise in GDP, annually between the years of 2011 and 2013. Government figures place the expected income at approximately KRW187 trillion for 2011, KRW 204 trillion in 2012 and KRW223 trillion in 2013. Plans ... Read More