Introducing Farmers' Tax Registrationin Korea
Asian Tax Journal Vol. 9 No. 1 (2008), pp. 95-123
Abstract
The goal of this study is to design the best plan for implementing farmers' tax registration, which helps farmers' direct sales. We analyzed strengths and weaknesses of following five possible tax registration plans for farmers：① registering as wholesalers or retailers, ② registering at the local government, ③ registering at the national tax offices as cultivating crop business, ④ registering by changing the farm income tax into a national tax, ⑤ registering through agricultural cooperative associations. We propose following suggestions for farmers' tax registration. First, in the long run, the registering plan which changes the farm income tax into a national tax is the best way, because the local government may not actually be able to control farmers' tax registration and invoices system. Second, if the farm income tax is changed into a national tax, a specific sum of sales on crops should be exempted from taxation. Third, in the short run, the registering plan through agricultural cooperative associations is most effective and feasible.
Keywords
- farmers' tax registration
- farm registration
- farm income tax
- cultivating crop business
- recognizable regular invoices