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[Tax] General Tax System of the Republic of Korea

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Date

2014-11-19

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General Tax System of the Republic of Korea

Based on the Framework Act on National Taxes Article 2 and Framework Act on Local Tax Article 7, Korean general tax system can be classified as followings;

Division	Tax Class		Tax Name	Tax Code
National Tax	General Tax	Direct Tax	Corporate Tax	Corporate Tax Act
			Income Tax	Income Tax Act
			Inheritance Tax	Inheritance & Gift Tax Act
			Gift Tax	Inheritance & Gift Tax Act
			Comprehensive Real estate Holding Tax	Comprehensive Real Estate Holding Tax Act
		Indirect Tax (Transaction Tax)	Value Added Tax	Value Added Tax
			Individual Consumption tax	Individual Consumption Tax Act
			Liquor Tax	Liquor Tax Act
			Securities Transaction Tax	Securities Transaction Tax Act
			Stamp Tax	Stamp Tax
	Purpose Tax		Transportation, Energy, Environment Tax	Transportation, Energy, Environment Tax Act
			Education Tax	Education Tax
			Special Tax for Rural development	Special Tax Act for Rural development
	Customs Duty		Customs Duty	Customs Act
Local Tax	General tax		Acquisition Tax	Local Tax Act
			Registration & License Tax
			Leisure tax
			Tabacco Consumption Tax
			Resident Tax
			Local Income tax
			Property Tax
			Automobile Tax
	Purpose Tax		Regional Resource Facilities Tax
	Purpose Tax		Local Education Tax

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