March 21st marks the 50th anniversary of taxation abolition in the Democratic People’s Republic of Korea (DPRK), making it the first state in history to do so.
This move, enacted by the Supreme People’s Assembly on March 21st, 1974, completely eliminated the tax system, which had been gradually phased out since the mid-1960s.
President Kim Il Sung emphasized that this decision aligned with the socialist system’s principles and liberated the working class from exploitation.
Unlike in capitalist nations, where taxes continuously rise, DPRK’s unique socialist approach prioritized people’s welfare by eliminating taxation entirely. This bold step underscores the DPRK’s commitment to socialism.
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