HN · AmericasKR · Asia
Honduras vs South Korea: tax rates compared
South Korea's income tax rate is 24.5pp higher than Honduras's (49.5% vs 25%). The 200-country average is 28%: Honduras sits below it, South Korea sits above it. Honduras's figure is dated 2026-02-27 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 | HN | KR | Difference |
|---|---|---|---|
| Income Tax | 25% | 49.5% | KR +24.5 pplargest gap |
| Corporate Tax | 30% | 26.4% | HN +3.6 pp |
| VAT | 15% | 10% | HN +5 pp |
| Capital Gains Tax | 10% | 0% | HN +10 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Honduras | 25% | Source: PWC Worldwide Tax Summaries — Honduras (Individual, Taxes on personal income) · as of 2026-02-27 |
| 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 |
|---|---|---|
| Honduras | 30% | 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 | +3.6 pp | Honduras higher |
Honduras's corporate tax rate is 3.6pp higher than South Korea's (30% vs 26.4%). The 201-country average is 22.6%: both sit above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Honduras | 15% | Source: PWC Worldwide Tax Summaries — Honduras (Corporate, Other taxes) · as of 2026-02-27 |
| South Korea | 10% | Source: PWC Worldwide Tax Summaries — Korea, Republic of (Corporate, Other taxes) · as of 2026-06-04 |
| Difference | +5 pp | Honduras higher |
Honduras's VAT rate is 5pp higher than South Korea's (15% vs 10%). The 181-country average is 15%: Honduras matches the world average, South Korea sits below it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Honduras | 10% | Source: PWC Worldwide Tax Summaries — Honduras (Individual, Income determination) · as of 2026-02-27 |
| South Korea | 0% | Source: PWC Worldwide Tax Summaries — Korea, Republic of (Individual, Income determination) · as of 2026-07-02 |
| Difference | +10 pp | Honduras higher |
Honduras's capital gains tax rate is 10pp higher than South Korea's (10% vs 0%). The 175-country average is 10.3%: both sit below it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Honduras | 0% | Source: Servicio de Administración de Rentas (SAR), Honduras · 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 |
Honduras's wealth tax rate is identical to South Korea's — both sit at 0%. The 193-country average is 0.1%: both sit below it.
Not covered for both countries yet: Crypto Tax.