Buoyed by a semiconductor boom, an analysis on the 14th said taxes 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 Jan.–Apr. last year (142.2 trillion won).
If the growth rate holds through year-end, this year's annual national tax revenue will reach 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 for this year (415.4 trillion won) in the supplementary budget passed in April.
The increase in national tax revenue is because corporate tax rose as the performance of semiconductor corporations such as Samsung Electronics and SK hynix improved. Through April this year, 39 trillion won in corporate tax was collected, 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 plans to re-estimate tax revenue in September and release a revised outlook for this year's national tax revenue.