[Breaking] Corporate Tax Act Revision Raising All Brackets by 1% Point Passes National Assembly
![[Breaking] Corporate Tax Act Revision Raising All Brackets by 1% Point Passes National Assembly](http://www.asiae.co.kr/news/img_view.htm?img=2025120108592437382_1764547163.png)
A revision to the Corporate Tax Act, which raises the tax rate by 1 percentage point across all taxable income brackets, passed the National Assembly plenary session on December 2, with 169 votes in favor, 84 against, and 1 abstention out of 254 members present.
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