CV · AfricaKR · Asia
Cape Verde vs South Korea: tax rates compared
Between the two, South Korea's income tax rate (49.5%) tops Cape Verde's (27.5%) by 22pp. The 200-country average is 28%: Cape Verde sits below it, South Korea sits above it. Cape Verde's figure is dated 2026-05-29 and South Korea's 2025-01-01, so the two rates come from different data vintages.
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 | CV | KR | Difference |
|---|---|---|---|
| Income Tax | 27.5% | 49.5% | KR +22 pplargest gap |
| Corporate Tax | 21.4% | 26.4% | KR +5 pp |
| VAT | 15% | 10% | CV +5 pp |
| Capital Gains Tax | 1% | 0% | CV +1 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Cape Verde | 27.5% | Source: PWC Worldwide Tax Summaries — Cabo Verde (Individual, Taxes on personal income) · as of 2026-05-29 |
| South Korea | 49.5% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Difference | −22 pp | South Korea higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Cape Verde | 21.4% | 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 | −5 pp | South Korea higher |
Between the two, South Korea's corporate tax rate (26.4%) tops Cape Verde's (21.4%) by 5pp. The 201-country average is 22.6%: Cape Verde sits below it, South Korea sits above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Cape Verde | 15% | Source: PWC Worldwide Tax Summaries — Cabo Verde (Corporate, Other taxes) · as of 2026-05-29 |
| South Korea | 10% | Source: PWC Worldwide Tax Summaries — Korea, Republic of (Corporate, Other taxes) · as of 2026-06-04 |
| Difference | +5 pp | Cape Verde higher |
Between the two, Cape Verde's VAT rate (15%) tops South Korea's (10%) by 5pp. The 181-country average is 15%: Cape Verde matches the world average, South Korea sits below it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Cape Verde | 1% | Source: PWC Worldwide Tax Summaries — Cabo Verde (Individual, Income determination) · as of 2026-05-29 |
| South Korea | 0% | Source: PWC Worldwide Tax Summaries — Korea, Republic of (Individual, Income determination) · as of 2026-07-02 |
| Difference | +1 pp | Cape Verde higher |
Between the two, Cape Verde's capital gains tax rate (1%) tops South Korea's (0%) by 1pp. The 175-country average is 10.3%: both sit below it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Cape Verde | 0% | Source: PWC Worldwide Tax Summaries — Cabo Verde (Individual, Other taxes) · as of 2026-07-18 |
| 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 — Cape Verde and South Korea both post a wealth tax rate of 0%. The 193-country average is 0.1%: both sit below it.
Not covered for both countries yet: Crypto Tax.