Korea, Rep. | Other taxes (current LCU)

Other taxes include employer payroll or labor taxes, taxes on property, and taxes not allocable to other categories, such as penalties for late payment or nonpayment of taxes. Limitations and exceptions: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD). Despite IMF efforts to standardize data collection, statistics are often incomplete, untimely, and not comparable across countries. Statistical concept and methodology: The IMF's Government Finance Statistics Manual 2014, harmonized with the 2008 SNA, recommends an accrual accounting method, focusing on all economic events affecting assets, liabilities, revenues, and expenses, not just those represented by cash transactions. It accounts for all changes in stocks, so stock data at the end of an accounting period equal stock data at the beginning of the period plus flows over the period. The 1986 manual considered only debt stocks. Government finance statistics are reported in local currency. Many countries report government finance data by fiscal year; see country metadata for information on fiscal year end by country.
Publisher
The World Bank
Origin
Republic of Korea
Records
63
Source
Korea, Rep. | Other taxes (current LCU)
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972 17000000000
1973 16000000000
1974 29000000000
1975 93000000000
1976 107000000000
1977 109000000000
1978 92000000000
1979 126000000000
1980 211000000000
1981 312000000000
1982 345000000000
1983 443000000000
1984 496000000000
1985 533000000000
1986 167000000000
1987 555000000000
1988 850000000000
1989 974000000000
1990 1473000000000
1991 2251000000000
1992 3134000000000
1993 3497000000000
1994 4507000000000
1995 6336000000000
1996 7747000000000
1997 8926000000000
1998 8585766000000
1999 10789591000000
2000 10991562000000
2001 8615931000000
2002 8879710000000
2003 8884147000000
2004 9785050000000
2005 10920800000000
2006 13297500000000
2007 16471716000000
2008 17173600000000
2009 18667479000000
2010 17619493000000
2011 18432491000000
2012 12254570000000
2013 14381970000000
2014 12334377131028
2015 12345856268223
2016 12531811720624
2017 14690658308237
2018 14893531196761
2019 17306715724019
2020 20115649603930
2021 30233047087710
2022

Korea, Rep. | Other taxes (current LCU)

Other taxes include employer payroll or labor taxes, taxes on property, and taxes not allocable to other categories, such as penalties for late payment or nonpayment of taxes. Limitations and exceptions: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD). Despite IMF efforts to standardize data collection, statistics are often incomplete, untimely, and not comparable across countries. Statistical concept and methodology: The IMF's Government Finance Statistics Manual 2014, harmonized with the 2008 SNA, recommends an accrual accounting method, focusing on all economic events affecting assets, liabilities, revenues, and expenses, not just those represented by cash transactions. It accounts for all changes in stocks, so stock data at the end of an accounting period equal stock data at the beginning of the period plus flows over the period. The 1986 manual considered only debt stocks. Government finance statistics are reported in local currency. Many countries report government finance data by fiscal year; see country metadata for information on fiscal year end by country.
Publisher
The World Bank
Origin
Republic of Korea
Records
63
Source