TaxGlass

CL · Americas ↔ KR · Asia

Chile vs South Korea: tax rates compared

South Korea has an income tax rate of 49.5%, 9.5pp above Chile's 40%. The 37-country average is 43.2%: Chile sits below it, South Korea sits 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%CL 40%KR 49.5%
Income Tax, side by side
CountryRateSource
Chile40%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−9.5 ppSouth Korea higherlargest gap on this page

Corporate Tax

0102030405060World avg 22.6%CL 27%KR 26.4%
Corporate Tax, side by side
CountryRateSource
Chile27%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+0.6 ppChile higher

Chile has a corporate tax rate of 27%, 0.6pp above South Korea's 26.4%. The 201-country average is 22.6%: both sit above it.

VAT

0102030405060World avg 19.5%CL 19%KR 10%
VAT, side by side
CountryRateSource
Chile19%Source: PWC Worldwide Tax Summaries — Chile (Corporate, Other taxes) · as of 2025-12-19
South Korea10%Source: PWC Worldwide Tax Summaries — Korea, Republic of (Corporate, Other taxes) · as of 2026-06-04
Difference+9 ppChile higher

Chile has a VAT rate of 19%, 9pp above South Korea's 10%. The 37-country average is 19.5%: both sit below it. Chile's figure is dated 2025-12-19 and South Korea's 2026-06-04, so the two rates come from different data vintages.

Wealth Tax

0102030405060World avg 0.1%CL 0%KR 0%
Wealth Tax, side by side
CountryRateSource
Chile0%Source: PWC Worldwide Tax Summaries — Chile (Individual, Other taxes) · as of 2025-12-19
South Korea0%Source: PWC Worldwide Tax Summaries — Korea, Republic of (Individual, Other taxes) · as of 2026-07-02
Difference0 ppdisplayed rates match

Chile and South Korea share the same wealth tax rate: 0%. The 193-country average is 0.1%: both sit below it. Chile's figure is dated 2025-12-19 and South Korea's 2026-07-02, so the two rates come from different data vintages.

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