[경제]Last year, an additional 17 trillion won in real estate tax was lifted… The largest tax error in the history of 61 trillion won

[앵커]

Last year, real estate-related taxes, such as capital gains tax and comprehensive real estate tax, were collected more than 17 trillion won compared to the previous year.

In the end, the biggest error in tax revenues ever recorded was over 61 trillion won due to the failure to predict the real estate market.

Reporter Oh In-seok on the sidewalk.

[기자]

The government has finalized and confirmed last year’s total revenue and total expenditure.

National tax revenue was estimated at 344 trillion won.

The faster-than-expected economic recovery and real estate-related taxes increased by 59 trillion won more than a year ago.

As exports and imports hit record highs and the economy, including consumption and employment, recovered, corporate tax, value-added tax, and labor income tax increased significantly.

Capital gains tax, gift tax, and comprehensive real estate tax, which are real estate-related taxes, have been removed by an additional 17 trillion won.

The transfer tax increased by over 13 trillion won, the gift tax by 1.6 trillion won and the property tax by 2.5 trillion won, respectively.

Housing prices, property tax rates, and the realization rate of published prices all rose all at once, and the increase in tax burden, centered on multi-homeowners, had an impact.

Securities transaction tax increased by 1.5 trillion won due to the brisk stock market.

The error in tax revenue compared to the government’s budget for last year’s budget was 61.4 trillion won.

It is the largest ever and the error rate is also the highest at 21.7%.

Last year, world surplus stood at 23 trillion won.

Of this, 18 trillion won in general accounting is used in the order of local allocation tax, debt repayment, and additional budget resources according to the National Finance Act. The available supplementary budget is regarding 3.4 trillion won.

The government has come up with an improvement plan to reduce tax revenue errors.

We decided to improve the accuracy of tax revenue estimation by establishing a four-step decision-making model, including external expert verification.

[고광효 / 기획재정부 조세총괄정책관 : 변동성이 높은 부동산·금융시장에 대한 전문가 자문을 대출·가계소득 등 다른 변수 전문가까지 확대하는 등 전문가 자문을 대폭 확대하겠습니다.]

In addition, it was decided to establish an early warning system to respond to abnormal symptoms such as sudden fluctuations in tax revenue, and to increase the estimate of revenue only once to three times when compiling the revenue budget.

This is YTN Oh In-seok.

YTN Oh In-seok (insukoh@ytn.co.kr)

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