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NATIONAL TAX SERVICE (NTS)

NATIONAL TAX SERVICE (NTS)

Homepage
http://www.nts.go.kr/
Facilities
National Tax Service

NATIONAL TAX SERVICE (NTS)

The NATIONAL TAX SERVICE (NTS) is a government agency that provides the finances required for national projects including national defense, education, national security, public welfare, and SOC construction. (The NATIONAL TAX SERVICE's revenue-based budget for 2009 was 149,179 billion won, 93.7% of total national tax revenue.)

The main tasks performed by the NATIONAL TAX SERVICE are the levying of taxes and tax collection, in accordance with the Tax Law, in order to ensure the country’s secure finances and the provision of tax payment services (statutory interpretation, tax return information, tax commentary, distribution, tax consultation, etc.) in order to guide and assist taxpayers to properly fulfill their tax obligations under the provisions of the Tax Law, redistribution of income and work incentives to support the real income of those who are employed but in a lower financial bracket, identification of dishonest taxpayers to ensure fair taxation practices and tax investigation.