GQ · AfricaKR · Asia
Equatorial Guinea vs South Korea: tax rates compared
Between the two, South Korea's income tax rate (49.5%) tops Equatorial Guinea's (25%) by 24.5pp. The 200-country average is 28%: Equatorial Guinea 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.
At a glance
| Tax | GQ | KR | Difference |
|---|---|---|---|
| Income Tax | 25% | 49.5% | KR +24.5 pplargest gap |
| Corporate Tax | 25% | 26.4% | KR +1.4 pp |
| VAT | 15% | 10% | GQ +5 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Equatorial Guinea | 25% | Source: PwC Worldwide Tax Summaries — Equatorial Guinea, Individual - Taxes on personal income · as of 2025-11-21 |
| South Korea | 49.5% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Difference | −24.5 pp | South Korea higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Equatorial Guinea | 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 |
Between the two, South Korea's corporate tax rate (26.4%) tops Equatorial Guinea's (25%) by 1.4pp. The 201-country average is 22.6%: both sit above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Equatorial Guinea | 15% | Source: PWC Worldwide Tax Summaries — Equatorial Guinea (Corporate, Other taxes) · as of 2025-11-21 |
| South Korea | 10% | Source: PWC Worldwide Tax Summaries — Korea, Republic of (Corporate, Other taxes) · as of 2026-06-04 |
| Difference | +5 pp | Equatorial Guinea higher |
Between the two, Equatorial Guinea's VAT rate (15%) tops South Korea's (10%) by 5pp. The 181-country average is 15%: Equatorial Guinea matches the world average, South Korea sits below it. Equatorial Guinea's figure is dated 2025-11-21 and South Korea's 2026-06-04, so the two rates come from different data vintages.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Equatorial Guinea | 0% | Source: PWC Worldwide Tax Summaries — Net wealth/worth tax rates (quick chart) · as of 2025-11-21 |
| 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 — Equatorial Guinea and South Korea both post a wealth tax rate of 0%. The 193-country average is 0.1%: both sit below it. Equatorial Guinea's figure is dated 2025-11-21 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.