South Korea: what is the corporate tax rate?

9% to 25%. That is the headline rate, the one ordinary companies pay.

South Korea: what is the income tax rate?

7.8% to 53.4%. Depending on the country, a flat rate or a progressive scale.

FiScore 3.8 out of 10, ranked 185th of 217: heavier than the world average.

South Korea vs World average Compare another country

Corporate 9% to 25% · Personal 7.8% to 53.4% · VAT 10% · KRW

FiScore

185th Light Heavy

Corporate income taxheadline rate

25%

20.8%

+4.2points

Personal income taxtop bracket

53.4%

17%

+36.4points

VATstandard rate

10%

14%

−4.0points

This page is not written yet. The rates shown come from our official records.