▲ Ministry of Economy and Finance
Corporate tax revenue in September increased by more than 23 trillion won compared to the previous year, driven by the collection of interim installment payments.
According to the "Current Status of National Tax Revenue for September 2026" released by the Ministry of Economy and Finance today (the 30th), national tax revenue for last month was tallied at 55.2 trillion won.
This is an increase of 26.4 trillion won (91.6%) from the same month last year.
Improved business performance, centered on semiconductor companies, drove the increase in tax revenue.
Corporate tax collected in September surged by 23.6 trillion won (187.6%) to 36.2 trillion won compared to last year.
This is analyzed to be the result of interim installment payments being collected, following August.
Securities transaction tax increased by 500 billion won (231.8%) due to an increase in stock trading value and the restoration of tax rates, while the special tax for rural development increased by 800 billion won (120.9%) due to an increase in KOSPI trading value.
Income tax collected stood at 9.7 trillion won, an increase of 1.2 trillion won (14.7%).
This was due to an increase in the number of employed persons and total wage payments, as well as favorable capital gains tax trends resulting from an increase in housing transaction volumes.
Inheritance and gift taxes increased by 200 billion won (18.0%) as real estate gifts increased.
Housing gift transaction volume increased by 31.2% from 5,300 cases in June of last year to 7,000 cases in June of this year.
Value-added tax decreased by 22..5 billion won (0.9%) to 2.4 trillion won, maintaining the level of the previous year.
A government official explained that this was due to an increase in refunds, with reporting and payments scheduled for October.
Cumulative national tax revenue from January to September reached 385 trillion won.
This is an increase of 95.4 trillion won (33.0%) compared to the same period last year.
The collection rate stands at 80.5% against this year's revised tax revenue forecast (478.6 trillion won) re-estimated at the end of September.
This is higher than last year's (settlement) 77.5% or the recent 5-year average (78.2%).
The government revised its forecast that total national tax revenue for this year will reach 478.6 trillion won.
This is an upward revision of 63.2 trillion won compared to the supplementary budget compiled in March.
From January to September of this year, income tax increased by 15.7 trillion won (16.5%), and corporate tax increased by 51.9 trillion won (68.3%).
Value-added tax increased by 7.4 trillion won (12.2%).
(Photo: Yonhap News)
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