NO · EuropeKR · Asia
Norway vs South Korea: tax rates compared
South Korea's income tax rate is 9.8pp higher than Norway's (49.5% vs 39.7%). 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 | NO | KR | Difference |
|---|---|---|---|
| Income Tax | 39.7% | 49.5% | KR +9.8 pp |
| Corporate Tax | 22% | 26.4% | KR +4.4 pp |
| VAT | 25% | 10% | NO +15 pp |
| Capital Gains Tax | 37.8% | 0% | NO +37.8 pplargest gap |
| Crypto Tax | 22% | 0% | NO +22 pp |
| Wealth Tax | 1.1% | 0% | NO +1.1 pp |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Norway | 39.7% | 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 | −9.8 pp | South Korea higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Norway | 22% | 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 | −4.4 pp | South Korea higher |
South Korea's corporate tax rate is 4.4pp higher than Norway's (26.4% vs 22%). The 201-country average is 22.6%: Norway sits below it, South Korea sits above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Norway | 25% | Source: PWC Worldwide Tax Summaries — Norway (Corporate, Other taxes) · as of 2026-06-25 |
| South Korea | 10% | Source: PWC Worldwide Tax Summaries — Korea, Republic of (Corporate, Other taxes) · as of 2026-06-04 |
| Difference | +15 pp | Norway higher |
Norway's VAT rate is 15pp higher than South Korea's (25% vs 10%). The 181-country average is 15%: Norway sits above it, South Korea sits below it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Norway | 37.8% | Source: PwC Worldwide Tax Summaries — Norway (Individual, Income determination) · as of 2026-01-20 |
| South Korea | 0% | Source: PWC Worldwide Tax Summaries — Korea, Republic of (Individual, Income determination) · as of 2026-07-02 |
| Difference | +37.8 pp | Norway higher |
Norway's capital gains tax rate is 37.8pp higher than South Korea's (37.8% vs 0%). The 175-country average is 10.3%: Norway sits above it, South Korea sits below it.
Crypto Tax
| Country | Rate | Source |
|---|---|---|
| Norway | 22% | Source: Norwegian Tax Administration (Skatteetaten) — Skatte-ABC, V-13-3.4 Realisasjon (virtual assets — realization) · as of 2026-01-01 |
| South Korea | 0% | Source: PWC Worldwide Tax Summaries — Korea, Republic of (Corporate, Income determination — Income from virtual assets) · as of 2026-06-04 |
| Difference | +22 pp | Norway higher |
Norway's crypto tax rate is 22pp higher than South Korea's (22% vs 0%). The 88-country average is 13%: Norway sits above it, South Korea sits below it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Norway | 1.1% | Source: Skatteetaten (Norwegian Tax Administration) — Wealth tax rates · as of 2026-01-01 |
| South Korea | 0% | Source: PWC Worldwide Tax Summaries — Korea, Republic of (Individual, Other taxes) · as of 2026-07-02 |
| Difference | +1.1 pp | Norway higher |
Norway's wealth tax rate is 1.1pp higher than South Korea's (1.1% vs 0%). The 193-country average is 0.1%: Norway sits above it, South Korea sits below it.