Government tax reform plan, increase the multi-lender burden,



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<img src = "http://ojsfile.ohmynews.com/STD_IMG_FILE/2018/0706/IE002360222_STD.JPG" alt = "Kim Dong-yeon, Deputy Prime Minister and Minister of Strategy and Finance, made a statement on July 6 to the Seoul government complex on the Gwanghwamun government's comprehensive property tax reform plan and a joint briefing on the relevant ministries.The Deputy Prime Minister and the Minister of Strategy and Finance (center ) made a statement on July 6 at the Seoul government complex in Gwanghwamun government and a joint briefing on related reforms.

The government decided to reinforce the tax on owners of more than three homes more than special recommendations for reform.

The Ministry of Strategy and Finance announced a plan to amend the global property tax on June 6, stating: "We will not increase the tax on l property taxes of large corporations. Kim Dong-yeon, Deputy Prime Minister of the Economy and Finance, said at a press briefing: "We have prepared a reform plan based on the principle of constant taxation of real estate badets. and progressive restructuring. "

3 Most homeowners and business owners have accepted the recommendation of the Special Committee on Financial Reform, raising the property tax rate from 0.1 ~ 0.5% p and increasing the ratio of the fair market value of 80% to 90%

However, tax rates on housing and households of 3 people between the tax standard of 600 ~ 1.2 billion won (l & # 39; 39 Tax base below)

According to the revised draft law, the tax base of the tax rate of 600 to 1.2 billion euros will be applied to 0.85% 0.1% more than the year before.

In the case of multiple housing (3 households) whose tax base exceeds 600 million won, the tax rate will be increased by the tax rate An increase of 0, 3% p will be added. If there are three owners in the range of 600-1.2 billion yen, the annual tax rate will be 0.85% plus 0.3% p to 1.15%.

Therefore, the tax gap between the head of a household of one generation and three or more households has also increased. In the case of 1.2 billion won, the first tax burden for taxpayers is 800,000 won, but those with three or more units are 1.59 million won.

If the price of housing is 2.4 billion won, the owner's burden is 713 million won, but the tax burden is 1341 thousand won for those with 3 or more houses, and the burden double taxation

The Ministry of Finance said: "We increased the tax rate by raising the tax rate from 600 to 1.2 billion yuan, which is relatively low, and added the tax on multi-subscriptions, to the point that it is not reasonable to impose the same tax.

Tax rate increases of more than 1.2 billion The tax bases vary from 1.2 to 5.0 billion for the period from 1 to 1.2%, from 5 to 9.4 billion for the period from 1 to 1.2%. period from 1.5 to 1.8% and for the period from 9.9 to 2.9%, from 2.4 to 2.5%

The fair market value ratio increases to 90%. Here 2020

The ratio of juice the market value, currently 80%, is raised to 90% by 2020. The plan is to increase prices by 5% p each year, up to 85% in 2019 and 90% in 2020.

Currently, property taxes are badessed on the ratio of the official land price to fair market value. Even if a house with one billion won represents 80% of the fair market value, 900 million will be taxed if it is 90%.

There are some withdrawals from the recommendations of the Special Committee on Financial Reform. The tax rate on separate combined land, including large corporate land, is decided not to increase. The special committee on tax reform recommended a 0.2% p increase in the tax rate on individual collective lands, but the government did not accept it.

Increasing taxes would weigh on the economy, including rising costs and rents.

Maintaining the Combined Rate of Combined Property Tax, "Considering the Impact on the Economy"

The Ministry of Strategy and Finance said: "The land aggregates are not included in shopping centers and construction plants Land related to production activities, "he said," considering the possibility that the tax burden is burdened by the transfer of rents and rising costs when the tax rates are increased. "

Kim said:

The Ministry of Strategy and Finance said that the total number of people affected by the tax review was 349 000 people (274,000 households, the combined total area of ​​67,000, and the estimated total of 8,000 additional), and it is expected to obtain 742.2 billion won of additional tax revenue each year.

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