LT · EuropeKR · Asia
Lithuania vs South Korea: tax rates compared
South Korea has an income tax rate of 49.5%, 17.5pp above Lithuania's 32%. 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 | LT | KR | Difference |
|---|---|---|---|
| Income Tax | 32% | 49.5% | KR +17.5 pp |
| Corporate Tax | 16% | 26.4% | KR +10.4 pp |
| VAT | 21% | 10% | LT +11 pp |
| Capital Gains Tax | 20% | 0% | LT +20 pplargest gap |
| Crypto Tax | 20% | 0% | LT +20 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Lithuania | 32% | 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 | −17.5 pp | South Korea higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Lithuania | 16% | 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 | −10.4 pp | South Korea higher |
South Korea has a corporate tax rate of 26.4%, 10.4pp above Lithuania's 16%. The 201-country average is 22.6%: Lithuania sits below it, South Korea sits above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Lithuania | 21% | Source: PWC Worldwide Tax Summaries — Lithuania (Corporate, Other taxes) · as of 2026-03-10 |
| South Korea | 10% | Source: PWC Worldwide Tax Summaries — Korea, Republic of (Corporate, Other taxes) · as of 2026-06-04 |
| Difference | +11 pp | Lithuania higher |
Lithuania has a VAT rate of 21%, 11pp above South Korea's 10%. The 181-country average is 15%: Lithuania sits above it, South Korea sits below it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Lithuania | 20% | Source: PWC Worldwide Tax Summaries — Lithuania (Individual, Income determination) · as of 2026-03-10 |
| South Korea | 0% | Source: PWC Worldwide Tax Summaries — Korea, Republic of (Individual, Income determination) · as of 2026-07-02 |
| Difference | +20 pp | Lithuania higher |
Lithuania has a capital gains tax rate of 20%, 20pp above South Korea's 0%. The 175-country average is 10.3%: Lithuania sits above it, South Korea sits below it.
Crypto Tax
| Country | Rate | Source |
|---|---|---|
| Lithuania | 20% | Source: Valstybinė mokesčių inspekcija (VMI) — Kriptovaliutų apskaita ir mokesčiai · as of 2025-09-30 |
| South Korea | 0% | Source: PWC Worldwide Tax Summaries — Korea, Republic of (Corporate, Income determination — Income from virtual assets) · as of 2026-06-04 |
| Difference | +20 pp | Lithuania higher |
Lithuania has a crypto tax rate of 20%, 20pp above South Korea's 0%. The 88-country average is 13%: Lithuania sits above it, South Korea sits below it. Lithuania's figure is dated 2025-09-30 and South Korea's 2026-06-04, so the two rates come from different data vintages.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Lithuania | 0% | Source: PWC Worldwide Tax Summaries — Net wealth/worth tax rates (quick chart) · as of 2026-03-10 |
| 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 |
Lithuania and South Korea share the same wealth tax rate: 0%. The 193-country average is 0.1%: both sit below it.