TaxGlass

AT · Europe ↔ KR · Asia

Austria vs South Korea: tax rates compared

Austria has an income tax rate of 55%, 5.5pp above South Korea's 49.5%. The 37-country average is 43.2%: both sit above it.

Verified data covers four of the six tracked tax types for both countries; every rate below is cited to its source and dated.

Income Tax

0102030405060World avg 43.2%AT 55%KR 49.5%
Income Tax, side by side
CountryRateSource
Austria55%Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01
South Korea49.5%Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01
Difference+5.5 ppAustria higher

Corporate Tax

0102030405060World avg 22.6%AT 23%KR 26.4%
Corporate Tax, side by side
CountryRateSource
Austria23%Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01
South Korea26.4%Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01
Difference−3.4 ppSouth Korea higher

South Korea has a corporate tax rate of 26.4%, 3.4pp above Austria's 23%. The 201-country average is 22.6%: both sit above it.

VAT

0102030405060World avg 19.5%AT 20%KR 10%
VAT, side by side
CountryRateSource
Austria20%Source: PWC Worldwide Tax Summaries — Austria (Corporate, Other taxes) · as of 2026-03-11
South Korea10%Source: PWC Worldwide Tax Summaries — Korea, Republic of (Corporate, Other taxes) · as of 2026-06-04
Difference+10 ppAustria higherlargest gap on this page

Austria has a VAT rate of 20%, 10pp above South Korea's 10%. The 37-country average is 19.5%: Austria sits above it, South Korea sits below it.

Wealth Tax

0102030405060World avg 0.1%AT 0%KR 0%
Wealth Tax, side by side
CountryRateSource
Austria0%Source: PWC Worldwide Tax Summaries — Austria (Individual, Other taxes) · as of 2026-01-29
South Korea0%Source: PWC Worldwide Tax Summaries — Korea, Republic of (Individual, Other taxes) · as of 2026-07-02
Difference0 ppdisplayed rates match

Austria and South Korea share the same wealth tax rate: 0%. The 193-country average is 0.1%: both sit below it.

Not covered for both countries yet: Capital Gains Tax, Crypto Tax.