일상생활속 금융, 증권이야기

Value-added tax (VAT) is a crucial component of national revenue, accounting for over 20% of total tax income. Value-added tax (VAT) is a crucial component of national revenue, accounting for over 20% of total tax income. However, a recent report by the Korea Institute of Public Finance (KIPF) suggests a much bleaker future for VAT revenue than previously anticipated. In this blog, we will explore the changes in VAT revenue projections, the reasons behind this decline, and the necessary measures we need to take to prepare for the future. 1. Changes in VAT Revenue Projections VAT revenue, which was expected to increase steadily each year, is now projected to decline significantly. The VAT revenue for next year is expected to be around 99 trillion KRW, a decrease of approximately 25 trillion KRW compared to projections made over a decade ago. By 2050, VAT revenue is forecasted to be over 100 trillion KRW less than previous estimates, signaling the need for a significant shift in our tax ...