Korea collected 46 . 8 trillion won ( $ 38 . 8 billion ) in taxes in April , down 3 trillion won from a year earlier , the finance ministry said Tuesday . Income tax revenue amounted to 6 . 6 trillion won in April , up 1 trillion won from a year earlier , according to the Ministry of Economy and Finance . Dues collected from companies reached 6 . 4 trillion won in the month , up 3 . 7 trillion won from a year earlier . Value - added tax revenue reached 14 . 5 trillion won in April , down 2 . 6 trillion won from a year ago , the data showed . In the first four months of the year , Korea collected 166 . 3 trillion won in taxes , down 4 . 4 trillion won . Korea ' s total expenditures in April reached 44 . 8 trillion won , down 13 . 5 trillion won from a year earlier . Yonhap