Brief History of NTS
Brief History of NTS
SINCE 1970~
1970s
- 1977’s
- Jul 1.Introduced the Value Added Tax and the Special Excise Tax
- 1975’s
- Jan 1. Tax system reform
- Abrogated the Real Estate Speculation Control Tax
- Introduced the full-scale Global Income Tax System, New Capital Gains Tax and the Excess Profit Tax
- Enacted the Basic Law for National Taxes
- 1970’s
- Mar 3.Concluded the Korea-Japan Tax Treaty [ Conclusion of the Korea-Japan Tax Treaty ]
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