정기분 지방세 납부기한의 문제점과 개선방안

Abstract

Local tax revenues, which takes up one third of the local government revenues on average, exhibit a very high degree of seasonality. It is more so for lower level governments of which finance is particularly vulnerable. The seasonality is largely a result of structures of due dates for residence tax, property tax, and automobile tax. Due dates for these taxes are concentrated in the second half of the fiscal year. Because a major portion of local government expenditure needs arises in the first half of the year, encouraged by the central government in part, a mismatch between expenditure and tax revenue flows occur on yearly basis. Local governments regularly borrow from other government entities or financial institutions to fund the expenditures and, hence, are exposed to additional financial burdens. This paper argues that this burden could be ameliorated by adjusting due dates of certain tax items to between March and May.