Portugal or South Korea: which taxes less?

Both tax systems side by side, headline rates and the gap between them.

Level pegging: Portugal and South Korea weigh about the same on the taxpayer.

Tax Portugal South Korea Gap
Corporate income tax headline rate 19% 9% to 25% −6.0 points
Personal income tax top bracket 14.5% to 48% 7.8% to 53.4% −5.4 points
VAT standard rate 23% 10% +13.0 points

Detailed schedules

Corporate income tax

Portugal

General regime 18% in 2027, 17% in 2028 19%
SMEs: first €50,000 of profit 15%

South Korea

n/a

See the Portugal page See the South Korea page