[Breaking] Monthly Non-Taxable Meal Allowance for Office Workers Raised to 200,000 Won... Income Tax Act Passed by National Assembly
![[Breaking] Monthly Non-Taxable Meal Allowance for Office Workers Raised to 200,000 Won... Income Tax Act Passed by National Assembly](http://www.asiae.co.kr/news/img_view.htm?img=2021061808010985412_1623970870.png)
[Asia Economy Reporter Koo Chae-eun] On the 2nd at 2 PM, the National Assembly held a plenary session and passed the 'Partial Amendment to the Income Tax Act' to raise the tax-exempt limit on meal expenses to alleviate the economic burden on office workers.
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The bill includes raising the tax-exempt limit on meal allowances received by office workers from the current 100,000 KRW per month to 200,000 KRW per month. With the passage of the bill on this day, the law will take effect from January 1 of next year.
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