▪ The 2022 Tax Act Revision was passed at the 2nd plenary sitting (Dec. 23, 2022) and the 4th plenary sitting (Dec. 28, 2022) of the 401st extraordinary session.
▪ Deliberation progress
▪ [Corporate tax] Reduced tax rates by tax band
▪ [Income tax] Tax bracket adjustments
▪ [Income tax] Two-year suspension of financial investment income tax
▪ [Income tax] Expansion of the monthly house rent tax credit
▪ [Comprehensive real estate holding tax] Adjustment of basic deductions for housing, tax bases, and tax rates
▪ [Inheritance tax] Expanded tax deductions for family business succession
▪ The Effect of the Tax Act Revision on Tax Revenue