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The value added tax in Korea (English)

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  • The value added tax in Korea (English)
  • Han, Seung Soo
  • World Bank (WB)


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Title The value added tax in Korea (English)
Similar Titles
Material Type Reports
Author(English)

Han, Seung Soo

Publisher

World Bank (WB)

Date 1987
Language English
File Type Link
Subject Industry and Technology < IT

Abstract

The paper provides arguments for and against the adoption of VAT in South Korea, the reform process, the structure and administration of the VAT, concentrating especially on the differences in these aspects before and after the tax reform. The VAT system is evaluated, and problems and prospects outlined. The author concludes that while the VAT has contributed to the simplification of the indirect tax system and is satisfactory from the revenue viewpoint, its stabilization function has yet to be tested and it seems to have aggravated the income inequality in Korea.