EC · AmericasKR · Asia
Ecuador vs South Korea: tax rates compared
South Korea has an income tax rate of 49.5%, 12.5pp above Ecuador's 37%. The 200-country average is 28%: both sit above it. Ecuador's figure is dated 2026-02-09 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 | EC | KR | Difference |
|---|---|---|---|
| Income Tax | 37% | 49.5% | KR +12.5 pp |
| Corporate Tax | 25% | 26.4% | KR +1.4 pp |
| VAT | 15% | 10% | EC +5 pp |
| Capital Gains Tax | 37% | 0% | EC +37 pplargest gap |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Ecuador | 37% | Source: PwC Worldwide Tax Summaries — Ecuador, Individual - Taxes on personal income · as of 2026-02-09 |
| South Korea | 49.5% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Difference | −12.5 pp | South Korea higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Ecuador | 25% | 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 | −1.4 pp | South Korea higher |
South Korea has a corporate tax rate of 26.4%, 1.4pp above Ecuador's 25%. The 201-country average is 22.6%: both sit above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Ecuador | 15% | Source: PWC Worldwide Tax Summaries — Ecuador (Corporate, Other taxes) · as of 2026-02-09 |
| South Korea | 10% | Source: PWC Worldwide Tax Summaries — Korea, Republic of (Corporate, Other taxes) · as of 2026-06-04 |
| Difference | +5 pp | Ecuador higher |
Ecuador has a VAT rate of 15%, 5pp above South Korea's 10%. The 181-country average is 15%: Ecuador matches the world average, South Korea sits below it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Ecuador | 37% | Source: PwC Worldwide Tax Summaries — Ecuador, Individual - Taxes on personal income · as of 2026-02-09 |
| South Korea | 0% | Source: PWC Worldwide Tax Summaries — Korea, Republic of (Individual, Income determination) · as of 2026-07-02 |
| Difference | +37 pp | Ecuador higher |
Ecuador has a capital gains tax rate of 37%, 37pp above South Korea's 0%. The 175-country average is 10.3%: Ecuador sits above it, South Korea sits below it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Ecuador | 0% | Source: PWC Worldwide Tax Summaries — Ecuador (Individual, Other taxes) · as of 2026-02-09 |
| 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 |
Ecuador 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: Crypto Tax.