IL · AsiaKR · Asia
Israel vs South Korea: tax rates compared
Israel has an income tax rate of 50%, 0.5pp above South Korea's 49.5%. The 200-country average is 28%: both sit above it.
Verified data covers six of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | IL | KR | Difference |
|---|---|---|---|
| Income Tax | 50% | 49.5% | IL +0.5 pp |
| Corporate Tax | 23% | 26.4% | KR +3.4 pp |
| VAT | 18% | 10% | IL +8 pp |
| Capital Gains Tax | 25% | 0% | IL +25 pplargest gap |
| Crypto Tax | 25% | 0% | IL +25 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Israel | 50% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| South Korea | 49.5% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Difference | +0.5 pp | Israel higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Israel | 23% | 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 | −3.4 pp | South Korea higher |
South Korea has a corporate tax rate of 26.4%, 3.4pp above Israel's 23%. The 201-country average is 22.6%: both sit above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Israel | 18% | Source: PWC Worldwide Tax Summaries — Israel (Corporate, Other taxes) · as of 2026-06-29 |
| South Korea | 10% | Source: PWC Worldwide Tax Summaries — Korea, Republic of (Corporate, Other taxes) · as of 2026-06-04 |
| Difference | +8 pp | Israel higher |
Israel has a VAT rate of 18%, 8pp above South Korea's 10%. The 181-country average is 15%: Israel sits above it, South Korea sits below it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Israel | 25% | Source: PWC Worldwide Tax Summaries — Israel (Individual, Income determination) · as of 2026-06-29 |
| South Korea | 0% | Source: PWC Worldwide Tax Summaries — Korea, Republic of (Individual, Income determination) · as of 2026-07-02 |
| Difference | +25 pp | Israel higher |
Israel has a capital gains tax rate of 25%, 25pp above South Korea's 0%. The 175-country average is 10.3%: Israel sits above it, South Korea sits below it.
Crypto Tax
| Country | Rate | Source |
|---|---|---|
| Israel | 25% | Source: Israel Tax Authority — Income Tax Circular No. 05/2018: Taxation of Activity Using Decentralized Payment Instruments ("Virtual Currencies") · as of 2018-01-17 |
| South Korea | 0% | Source: PWC Worldwide Tax Summaries — Korea, Republic of (Corporate, Income determination — Income from virtual assets) · as of 2026-06-04 |
| Difference | +25 pp | Israel higher |
Israel has a crypto tax rate of 25%, 25pp above South Korea's 0%. The 88-country average is 13%: Israel sits above it, South Korea sits below it. Israel's figure is dated 2018-01-17 and South Korea's 2026-06-04, so the two rates come from different data vintages.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Israel | 0% | Source: PWC Worldwide Tax Summaries — Israel (Individual, Other taxes) · as of 2026-06-29 |
| 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 |
Israel and South Korea share the same wealth tax rate: 0%. The 193-country average is 0.1%: both sit below it.