Prime Minister Kim Min-seok Presides Over Cabinet Meeting for Tax Bill Resolution
13 Bills Including Corporate Tax Law
Additional Fines for Misuse of Information During Delinquent Investigation
To Be Submitted to National Assembly by September 3, ‘[Edaily Reporter Kim Mi-young] On the 26th, the government held a cabinet meeting to finalize the government’s proposal on 13 tax law amendment bills included in this year’s tax reform plan.’,
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, ‘Prime Minister Kim Min-seok presided over the meeting at the government complex in Seoul and confirmed amendments including the Corporate Tax Law, which raises the tax rate by 1 percentage point across all taxable income brackets.’,
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, ‘The amended bills also included the Framework Act on National Taxes, the National Tax Collection Act, the Restriction of Special Taxation Act, and the Income Tax Act.’,
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, ‘Previously, on July 31, the government announced the “2025 Tax Reform Plan” and conducted inter-departmental consultations and legislative previews from August 1 to 14. The final decision was made after a vice-ministerial meeting on the 21st.’,
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, ‘During this process, amendments were made to four bills including the Framework Act on National Taxes, the National Tax Collection Act, the Restriction of Special Taxation Act, and the Corporate Tax Law. The National Tax Collection Act, which lays the groundwork for investigating delinquent taxpayers, now includes a provision for imposing fines of up to 20 million won if information obtained by investigators is used for purposes other than intended.’,
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, ‘The finalized tax bills do not include strengthened criteria for major shareholders concerning the capital gains tax on listed stocks, as this can be amended through a government decision under the enforcement decree.’,
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, ‘According to the Ministry of Strategy and Finance, the government will submit the 13 tax amendment bills resolved at today’s cabinet meeting to the National Assembly by September 3. The regular parliamentary session will then take place to review them.’,
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