[ad_1]
The size of the comprehensive property tax collected by the government is breaking records every year. The first reason is the rise in house prices due to the government’s failure in real estate policy. But that is not all. Policies to raise public prices are also influencing. That is why some point out that the government is actually pushing for the “rise of the rich” and laughing alone.
In 2020, the recently announced tax advisory by the National Revenue Service was 4.2687 trillion won. The National Revenue Service estimates that this year’s final tax is expected to be around 3.8 billion won, considering the fact that the final tax amount determined after taxpayer objections is approximately 90% of the amount. notified. Each December, if the tax amount exceeds 2.5 million won per person, it can be divided up to six months. The Ministry of Strategy and Finance estimates that this year’s tax revenue is 3.321 billion won, taking into account the split.
This is eight times more than 4.413 billion won in 2005, when the tax levy was first introduced. The tax’s share of total national taxes is also expected to rise from 0.3% in 2005 to 1.1% this year and rise to 1.8% next year.
Next year’s tax revenue is likely to rise further. This is because the tax rate for homeowner, which is 0.5 ~ 2.7% for this year, will increase to 0.6 ~ 3.0% next year. During the same period, the maximum tax rate for multiple homeowners increased from 3.2% to 6.0%. The proportion of fair market value used to derive the tax base for taxes will also increase from 90% this year to 95% next. The quoted price and the quoted price update rate (reflected in the market price) are also expected to increase. For this reason, experts predict that next year’s final tax collection will exceed the Ministry of Equipment’s forecast (5.113.8 billion won). In the real estate industry, it is also forecast to reach 6 trillion won.
Hong Ki-yong, a professor of business administration at Incheon National University, said: “Taxpayers and the amount of taxes they pay due to rising house prices are increasing rapidly.” Indicated.
Reporter Eun-seo Koo [email protected]
Ⓒ Hankyung.com prohibits unauthorized reproduction and redistribution
