Buoyed by a semiconductor boom, an analysis on the 14th said tax revenue could exceed earlier expectations by more than 16 trillion won by year-end.
According to authorities on the 14th, national tax revenue collected through April this year was 164.1 trillion won. That is up 21.9 trillion won (15.4%) from January to April last year (142.2 trillion won).
If the growth rate holds through year-end, this year's annual national tax revenue will be 431.5 trillion won, 57.6 trillion won (15.4%) more than last year (373.9 trillion won).
This is also 16.1 trillion won more than the government's projected national tax revenue (415.4 trillion won) in the supplementary budget passed in April.
National tax revenue increased because corporate tax rose as the performance of semiconductor corporations such as Samsung Electronics and SK hynix improved. Corporate tax collected through April this year was 39 trillion won, 3.2 trillion won more than last year (35.8 trillion won).
The security transaction tax also rose from 1 trillion won last year to 4.1 trillion won this year. Income tax likewise increased from 38.8 trillion won last year to 44.7 trillion won.
Meanwhile, the government is expected to recalculate tax revenue in September and release a revised outlook for this year's national tax revenue.