Politics · South Korea · 1 day ago

Only 19% of South Korea tax agency's proposed tax changes were adopted

Only 19% of South Korea tax agency's proposed tax changes were adopted

South Korea’s National Tax Service proposed 1,109 changes to tax laws and rules to the Ministry of Economy and Finance from 2024 through 2026.

Only 207 proposals, or 18.7%, were included in government tax plans, even partly.

The share accepted fell from 25.1% in 2024 to 14.6% in 2026.

Of 174 proposals repeated after not being accepted the previous year, 156 were rejected again.

Changes related to the comprehensive real estate tax had a particularly low acceptance rate: five of 88 proposals were included.

A lawmaker said the agency should focus on its most important proposals and examine why others are rejected.

The tax agency said it would work more closely with the ministry to make its proposals more effective.

Sources

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