Korea's tax revenue rose by 8.4 trillion won in July from a year earlier, driven by higher income and securities transaction taxes. The government collected 51 trillion won last month, according to the Ministry of Finance and Economy. Income tax revenue increased to 13.6 trillion won, while securities transaction tax revenue rose to 1.4 trillion won. Value-added tax revenue also climbed to 24.6 trillion won on import growth.
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Korea's tax revenue rose by 8.4 trillion won ($6 billion) in July from a year earlier on higher collections of income and securities transaction taxes, data showed Monday.
The government collected 51 trillion won in taxes last month, according to the Ministry of Finance and Economy.
Income tax revenue rose by 1.8 trillion won to 13.6 trillion won. The finance ministry attributed the increase partly to higher wages and increased housing transactions.
