CM · AfricaKR · Asia
Cameroon vs South Korea: tax rates compared
Between the two, South Korea's income tax rate (49.5%) tops Cameroon's (38.5%) by 11pp. The 200-country average is 28%: both sit above it.
Verified data covers five of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | CM | KR | Difference |
|---|---|---|---|
| Income Tax | 38.5% | 49.5% | KR +11 pp |
| Corporate Tax | 33% | 26.4% | CM +6.6 pp |
| VAT | 19.3% | 10% | CM +9.3 pp |
| Capital Gains Tax | 16.5% | 0% | CM +16.5 pplargest gap |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Cameroon | 38.5% | Source: PWC Worldwide Tax Summaries — Cameroon, Republic of (Individual, Taxes on personal income) · as of 2025-12-31 |
| South Korea | 49.5% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Difference | −11 pp | South Korea higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Cameroon | 33% | 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 | +6.6 pp | Cameroon higher |
Between the two, Cameroon's corporate tax rate (33%) tops South Korea's (26.4%) by 6.6pp. The 201-country average is 22.6%: both sit above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Cameroon | 19.3% | Source: PWC Worldwide Tax Summaries — Cameroon, Republic of (Corporate, Other taxes) · as of 2025-12-31 |
| South Korea | 10% | Source: PWC Worldwide Tax Summaries — Korea, Republic of (Corporate, Other taxes) · as of 2026-06-04 |
| Difference | +9.3 pp | Cameroon higher |
Between the two, Cameroon's VAT rate (19.3%) tops South Korea's (10%) by 9.3pp. The 181-country average is 15%: Cameroon sits above it, South Korea sits below it. Cameroon's figure is dated 2025-12-31 and South Korea's 2026-06-04, so the two rates come from different data vintages.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Cameroon | 16.5% | Source: PWC Worldwide Tax Summaries — Cameroon, Republic of (Individual, Income determination) · as of 2025-12-31 |
| South Korea | 0% | Source: PWC Worldwide Tax Summaries — Korea, Republic of (Individual, Income determination) · as of 2026-07-02 |
| Difference | +16.5 pp | Cameroon higher |
Between the two, Cameroon's capital gains tax rate (16.5%) tops South Korea's (0%) by 16.5pp. The 175-country average is 10.3%: Cameroon sits above it, South Korea sits below it. Cameroon's figure is dated 2025-12-31 and South Korea's 2026-07-02, so the two rates come from different data vintages.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Cameroon | 0% | Source: PWC Worldwide Tax Summaries — Net wealth/worth tax rates (quick chart) · as of 2025-12-31 |
| South Korea | 0% | Source: PWC Worldwide Tax Summaries — Korea, Republic of (Individual, Other taxes) · as of 2026-07-02 |
| Difference | 0 pp | displayed rates match |
There's no gap here — Cameroon and South Korea both post a wealth tax rate of 0%. The 193-country average is 0.1%: both sit below it. Cameroon's figure is dated 2025-12-31 and South Korea's 2026-07-02, so the two rates come from different data vintages.
Not covered for both countries yet: Crypto Tax.