Corporate Tax Projected to Outpace Income Tax for First Time in 15 Years, Surpassing 200 Trillion Won

Corporate tax revenue is projected to outpace income tax for the first time in 15 years next year.

According to the government's national tax revenue budget, corporate tax revenue for next year is projected at 216.7 trillion won, which is 36.7 trillion won more than the income tax projection of 180 trillion won.

This marks the first time since 2012 that corporate taxes will exceed income taxes, and also the first time that corporate tax revenue will surpass 200 trillion won.

This represents more than a twofold increase compared to 101.3 trillion won based on this year's supplementary budget, with the surge in operating profits of semiconductor companies such as Samsung Electronics and SK Hynix cited as the main driver.

*This article was produced with AI audio.
※ Please note: This article was translated by AI and may contain errors.