A tax revenue shortfall for this year is looking certain.
Data from the finance ministry released on Friday shows that tax revenue from January to May dropped more than nine-trillion won or around 6-point-5-billion U.S. dollars, which is a decrease of 5-point-7 percent on-year.
The main reason is attributed to a fall in corporate tax collected among small and medium-sized businesses.
The revenue collected accounted for just around forty-one percent of the total budget for this year.
Source : Arirang TV, https://www.arirang.com/news/view?id=272566
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