AD · EuropeKR · Asia
Andorra vs South Korea: tax rates compared
Between the two, South Korea's income tax rate (49.5%) tops Andorra's (10%) by 39.5pp. The 200-country average is 28%: Andorra sits below it, South Korea sits above it. Andorra's figure is dated 2023-01-19 and South Korea's 2025-01-01, so the two rates come from different data vintages.
Verified data covers four of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | AD | KR | Difference |
|---|---|---|---|
| Income Tax | 10% | 49.5% | KR +39.5 pplargest gap |
| Corporate Tax | 10% | 26.4% | KR +16.4 pp |
| VAT | 4.5% | 10% | KR +5.5 pp |
| Capital Gains Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Andorra | 10% | Source: Consell General (Parliament of Andorra) — Llei 5/2023, del 19 de gener, de mesures per a la reforma de la imposició directa · as of 2023-01-19 |
| South Korea | 49.5% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Difference | −39.5 pp | South Korea higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Andorra | 10% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| South Korea | 26.4% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −16.4 pp | South Korea higher |
Between the two, South Korea's corporate tax rate (26.4%) tops Andorra's (10%) by 16.4pp. The 201-country average is 22.6%: Andorra sits below it, South Korea sits above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Andorra | 4.5% | Source: Butlletí Oficial del Principat d'Andorra (BOPA) — Llei 11/2012, de l'impost general indirecte (text refós) · as of 2014-07-30 |
| South Korea | 10% | Source: PWC Worldwide Tax Summaries — Korea, Republic of (Corporate, Other taxes) · as of 2026-06-04 |
| Difference | −5.5 pp | South Korea higher |
Between the two, South Korea's VAT rate (10%) tops Andorra's (4.5%) by 5.5pp. The 181-country average is 15%: both sit below it. Andorra's figure is dated 2014-07-30 and South Korea's 2026-06-04, so the two rates come from different data vintages.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Andorra | 0% | Source: Consell General (Andorra) — Butlletí Oficial del Principat d'Andorra (BOPA), Llei 5/2023, del 19 de gener, amending the Personal Income Tax Law (Llei 5/2014), Article 5(k) · as of 2023-01-19 |
| South Korea | 0% | Source: PWC Worldwide Tax Summaries — Korea, Republic of (Individual, Income determination) · as of 2026-07-02 |
| Difference | 0 pp | displayed rates match |
There's no gap here — Andorra and South Korea both post a capital gains tax rate of 0%. The 175-country average is 10.3%: both sit below it. Andorra's figure is dated 2023-01-19 and South Korea's 2026-07-02, so the two rates come from different data vintages.
Not covered for both countries yet: Crypto Tax, Wealth Tax.