Shortage of Real Estate Tax Guide Published by National Tax Service... Tax Association Also Says "We Will Buy Ten Thousand Copies"

[Sejong=Asia Economy Reporter Kim Hyunjung] The tax guidebook on real estate published by the National Tax Service (NTS) is gaining popularity in bookstores. Following a major overhaul of the real estate tax system, numerous inquiries regarding authoritative interpretations have poured in, prompting the NTS to collaborate with the Ministry of the Interior and Safety to release a comprehensive book covering basic tax structures, precedents, and rulings. The book has become a hot topic even among tax accountants, creating a shortage in supply.

According to the NTS on the 22nd, the booklet "Housing and Taxes (7,000 KRW)" published jointly by the NTS and the Ministry of the Interior and Safety on the 4th has entered additional printing of over 10,000 copies. Initially, only 2,000 copies were printed due to the low unit price, and most of these have been sold out at both online and offline bookstores. In particular, the Korean Association of Tax Accountants pre-ordered 10,000 copies through the NTS to distribute to its approximately 10,000 member tax accountants, accelerating the additional printing process.

The market response is also enthusiastic. As of the 22nd, "Housing and Taxes" ranks second in overall sales in the economy and business category and first in the real estate and auction category on the online bookstore Yes24 (yes24). This surpasses the popularity of the new book "Future Map of Korean Real Estate" by Kim Hakryeol (Ppasion), a popular real estate expert and CEO of SmartTube Real Estate Research Institute and SmartTube Economic Academy, which ranks second in the real estate and auction category.

Until now, the best-selling government-published publication was the NTS's "Tax Saving Guide (3,000 KRW)," which sold over 30,000 copies. Industry insiders expect "Housing and Taxes" to break this record. The NTS plans to expedite the release of a free e-book version and provide it through its website.

However, some argue that the interest in the booklet reflects the general public’s confusion over real estate tax policies. An industry insider commented, "The tax system has changed multiple times in a short period in a complicated manner, making it difficult for ordinary people to predict or assess their tax payments without specific authoritative interpretations for each situation. It’s no wonder that even tax accountants are reportedly giving up on capital gains tax consultations."