January 11, 2019 13:13
The government collected record tax revenues last year, exceeding its annual target in November. The year's total is estimated to be some W11 trillion over the target (US$1=W1,120).
According to the Finance Ministry on Thursday, the government collected W270.9 trillion in taxes from January to November, up W28 trillion on-year and 4.4 percent more than the target.
A ministry official said, "Taxes for capital gains and securities transactions increased significantly amid stringent measures to rein in the housing market, leading to record tax revenues overall."
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