Net taxes on products (current LCU) in South Korea

Net taxes on products (current LCU) in South Korea was last measured at 115791600000000 in 2010, according to the World Bank. Net taxes on products (net indirect taxes) are the sum of product taxes less subsidies. Product taxes are those taxes payable by producers that relate to the production, sale, purchase or use of the goods and services. Subsidies are grants on the current account made by general government to private enterprises and unincorporated public enterprises. The grants may take the form of payments to ensure a guaranteed price or to enable maintenance of prices of goods and services below costs of production, and other forms of assistance to producers. Data are in current local currency.This page has the latest values, historical data, forecasts, charts, statistics, an economic calendar and news for Net taxes on products (current LCU) in South Korea.

     
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