Women Account for Over 40% of Taxpayers

      February 10, 2010 08:37

      The National Tax Service on Tuesday said the proportion of women has exceeded 40 percent of all income taxpayers for the first time, with the number of high-income women increasing.

      According to the NTS, 1.44 million women paid composite income taxes in 2008, accounting for 40.3 percent of all 3.65 million income earners who filed income tax returns.

      The proportion of women has risen from 34.6 percent in 2004.

      Composite income tax is levied on the combined income through business, interest and dividends, real estate rental, lecture, and other income-generating activities. The cutoff point for taxable financial income such as interest is W40 million (US$1=W1,164) a year.

      An NTS official explained that increasing numbers of women work in high-income professions such as medicine or law, or high-salary jobs, such as foreign service officers and owners of private tutoring institutes.

      The number of highly-paid female workers also increased and more men have their retirement plan assets including real estate managed in their wives' name, the NTS added.

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