GM · AfricaKR · Asia
Gambia vs South Korea: tax rates compared
South Korea has an income tax rate of 49.5%, 24.5pp above Gambia's 25%. The 200-country average is 28%: Gambia sits below it, South Korea sits above it. Gambia's figure is dated 2018-01-01 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 | GM | KR | Difference |
|---|---|---|---|
| Income Tax | 25% | 49.5% | KR +24.5 pplargest gap |
| Corporate Tax | 27% | 26.4% | GM +0.6 pp |
| VAT | 15% | 10% | GM +5 pp |
| Capital Gains Tax | 15% | 0% | GM +15 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Gambia | 25% | Source: Gambia Revenue Authority — Personal Income Tax · as of 2018-01-01 |
| 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 |
|---|---|---|
| Gambia | 27% | 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 | +0.6 pp | Gambia higher |
Gambia 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
| Country | Rate | Source |
|---|---|---|
| Gambia | 15% | Source: Gambia Revenue Authority — Domestic Taxes FAQs · as of 2026-01-01 |
| South Korea | 10% | Source: PWC Worldwide Tax Summaries — Korea, Republic of (Corporate, Other taxes) · as of 2026-06-04 |
| Difference | +5 pp | Gambia higher |
Gambia has a VAT rate of 15%, 5pp above South Korea's 10%. The 181-country average is 15%: Gambia matches the world average, South Korea sits below it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Gambia | 15% | Source: Gambia Revenue Authority — Domestic Taxes FAQs · as of 2026-07-19 |
| South Korea | 0% | Source: PWC Worldwide Tax Summaries — Korea, Republic of (Individual, Income determination) · as of 2026-07-02 |
| Difference | +15 pp | Gambia higher |
Gambia has a capital gains tax rate of 15%, 15pp above South Korea's 0%. The 175-country average is 10.3%: Gambia sits above it, South Korea sits below it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Gambia | 0% | Source: Gambia Revenue Authority · 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 |
Gambia 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.