PS · AsiaKR · Asia
Palestine vs South Korea: tax rates compared
Between the two, South Korea's income tax rate (49.5%) tops Palestine's (15%) by 34.5pp. The 200-country average is 28%: Palestine sits below it, South Korea sits above it. Palestine's figure is dated 2026-02-09 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 | PS | KR | Difference |
|---|---|---|---|
| Income Tax | 15% | 49.5% | KR +34.5 pplargest gap |
| Corporate Tax | 15% | 26.4% | KR +11.4 pp |
| VAT | 16% | 10% | PS +6 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Palestine | 15% | Source: PWC Worldwide Tax Summaries — Palestinian territories (Individual, Taxes on personal income) · as of 2026-02-09 |
| South Korea | 49.5% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Difference | −34.5 pp | South Korea higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Palestine | 15% | 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 | −11.4 pp | South Korea higher |
Between the two, South Korea's corporate tax rate (26.4%) tops Palestine's (15%) by 11.4pp. The 201-country average is 22.6%: Palestine sits below it, South Korea sits above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Palestine | 16% | Source: PWC Worldwide Tax Summaries — Palestinian territories (Corporate, Other taxes) · as of 2026-02-09 |
| South Korea | 10% | Source: PWC Worldwide Tax Summaries — Korea, Republic of (Corporate, Other taxes) · as of 2026-06-04 |
| Difference | +6 pp | Palestine higher |
Between the two, Palestine's VAT rate (16%) tops South Korea's (10%) by 6pp. The 181-country average is 15%: Palestine sits above it, South Korea sits below it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Palestine | 0% | Source: PWC Worldwide Tax Summaries — Palestinian Territories (Individual, Other taxes) · as of 2026-02-09 |
| 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 — Palestine 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: Capital Gains Tax, Crypto Tax.