TaxGlass

LT · Europe ↔ KR · 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 37-country average is 43.2%: Lithuania sits below it, South Korea sits above it.

Verified data covers four of the six tracked tax types for both countries; every rate below is cited to its source and dated.

Income Tax

0102030405060World avg 43.2%LT 32%KR 49.5%
Income Tax, side by side
CountryRateSource
Lithuania32%Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01
South Korea49.5%Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01
Difference−17.5 ppSouth Korea higherlargest gap on this page

Corporate Tax

0102030405060World avg 22.6%LT 16%KR 26.4%
Corporate Tax, side by side
CountryRateSource
Lithuania16%Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01
South Korea26.4%Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01
Difference−10.4 ppSouth 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

0102030405060World avg 19.5%LT 21%KR 10%
VAT, side by side
CountryRateSource
Lithuania21%Source: PWC Worldwide Tax Summaries — Lithuania (Corporate, Other taxes) · as of 2026-03-10
South Korea10%Source: PWC Worldwide Tax Summaries — Korea, Republic of (Corporate, Other taxes) · as of 2026-06-04
Difference+11 ppLithuania higher

Lithuania has a VAT rate of 21%, 11pp above South Korea's 10%. The 37-country average is 19.5%: Lithuania sits above it, South Korea sits below it.

Wealth Tax

0102030405060World avg 0.1%LT 0%KR 0%
Wealth Tax, side by side
CountryRateSource
Lithuania0%Source: PWC Worldwide Tax Summaries — Net wealth/worth tax rates (quick chart) · as of 2026-03-10
South Korea0%Source: PWC Worldwide Tax Summaries — Korea, Republic of (Individual, Other taxes) · as of 2026-07-02
Difference0 ppdisplayed rates match

Lithuania 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: Capital Gains Tax, Crypto Tax.