National tax, 34.5 trillion more by April… Corporate tax alone increased by 21 trillion won

The national tax collected by the government between January and April of this year was 34.5 trillion won more than the previous year. This is because corporate performance improved last year, which had been tied to COVID-19, and corporate tax increased by 21.4 trillion won compared to the same period last year.

According to the Ministry of Strategy and Finance on the 30th, accumulated national tax revenue in April 2022 was 167.9 trillion won, up 34.5 trillion won from the same period last year. The tax that the government has to collect for one year also increased by 3.5 percentage points (p) from a year ago to 42.3% by April of this year.

As the labor market, which had been hit by a cold wave due to COVID-19, began to blow, the income tax, centered on the wage and salary income tax, increased by 8 trillion won from last year, and 44.6 trillion won was cleared.

The main reason is the increase in the number of workers. From December 2020 to March 2021, the monthly average number of regular workers was 14.66 million, while from December 2021 to March this year, the monthly average was 15.39 million.

In the past year, corporate performance improved and the increase in corporate tax was the largest. 51.4 trillion won in corporate tax was removed from January to April this year, an increase of 21.4 trillion won compared to the same period last year.

The corporate tax reflects the business performance of the company last year. The operating profit of KOSPI-listed corporations with a December settlement rose 58.2% from 67.5 trillion won in 2020 to 106.8 trillion won in 2021.

As social distancing was eased, consumption and income increased, and the value-added tax increased by 5.3 trillion won to 39.7 trillion won. The retail sales index for the first quarter of this year is expected to increase by 2.9% from the previous year. In the first quarter of this year, imports increased by 29.5% compared to the previous year.

On the other hand, as international oil prices rose during the period, the fuel tax on gasoline and diesel was temporarily cut by 20%.

The securities transaction tax has been lifted less than last year as it has been unable to avoid a downward trend. The securities transaction tax from January to April this year was 2.6 trillion won, down 1.3 trillion won from last year.

In order to satisfy the public’s right to know regarding national tax revenue, the Ministry of Strategy and Finance has shortened the period of disclosure of monthly national tax revenue from two months to one month following the previous collection deadline.

[세종=뉴시스]

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