LR · AfricaKR · Asia
Liberia vs South Korea: tax rates compared
Between the two, South Korea's income tax rate (49.5%) tops Liberia's (25%) by 24.5pp. The 200-country average is 28%: Liberia sits below it, South Korea sits above it. Liberia's figure is dated 2026-01-14 and South Korea's 2025-01-01, so the two rates come from different data vintages.
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 | LR | KR | Difference |
|---|---|---|---|
| Income Tax | 25% | 49.5% | KR +24.5 pp |
| Corporate Tax | 25% | 26.4% | KR +1.4 pp |
| Capital Gains Tax | 25% | 0% | LR +25 pplargest gap |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Liberia | 25% | Source: PWC Worldwide Tax Summaries — Liberia, Republic of (Individual, Taxes on personal income) · as of 2026-01-14 |
| 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 |
|---|---|---|
| Liberia | 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 Liberia's (25%) by 1.4pp. The 201-country average is 22.6%: both sit above it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Liberia | 25% | Source: PWC Worldwide Tax Summaries — Republic of Liberia (Individual, Taxes on personal income) · as of 2026-01-14 |
| South Korea | 0% | Source: PWC Worldwide Tax Summaries — Korea, Republic of (Individual, Income determination) · as of 2026-07-02 |
| Difference | +25 pp | Liberia higher |
Between the two, Liberia's capital gains tax rate (25%) tops South Korea's (0%) by 25pp. The 175-country average is 10.3%: Liberia sits above it, South Korea sits below it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Liberia | 0% | Source: PWC Worldwide Tax Summaries — Liberia, Republic of (Individual, Other taxes) · as of 2026-01-14 |
| 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 — Liberia and South Korea both post a wealth tax rate of 0%. The 193-country average is 0.1%: both sit below it.
Not covered for both countries yet: VAT, Crypto Tax.