NO · Europe ↔ KR · 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 37-country average is 43.2%: Norway 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
| 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 higherlargest gap on this page |
Norway's VAT rate is 15pp higher than South Korea's (25% vs 10%). The 37-country average is 19.5%: 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.
Not covered for both countries yet: Capital Gains Tax, Crypto Tax.