CU · AmericasKR · Asia
Cuba vs South Korea: tax rates compared
Between the two, Cuba's income tax rate (50%) tops South Korea's (49.5%) by 0.5pp. The 200-country average is 28%: both sit above it.
Verified data covers two of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | CU | KR | Difference |
|---|---|---|---|
| Income Tax | 50% | 49.5% | CU +0.5 pp |
| Corporate Tax | 35% | 26.4% | CU +8.6 pplargest gap |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Cuba | 50% | Source: Ministerio de Economía y Planificación (Cuba) — "Pago de tributos en Cuba: Adecuaciones y compromisos para 2025" · as of 2025-01-28 |
| South Korea | 49.5% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Difference | +0.5 pp | Cuba higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Cuba | 35% | 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 | +8.6 pp | Cuba higher |
Between the two, Cuba's corporate tax rate (35%) tops South Korea's (26.4%) by 8.6pp. The 201-country average is 22.6%: both sit above it.
Not covered for both countries yet: VAT, Capital Gains Tax, Crypto Tax, Wealth Tax.