PE · AmericasKR · Asia
Peru vs South Korea: tax rates compared
Between the two, South Korea's income tax rate (49.5%) tops Peru's (30%) by 19.5pp. The 200-country average is 28%: both sit above it. Peru's figure is dated 2026-07-13 and South Korea's 2025-01-01, so the two rates come from different data vintages.
Verified data covers five of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | PE | KR | Difference |
|---|---|---|---|
| Income Tax | 30% | 49.5% | KR +19.5 pplargest gap |
| Corporate Tax | 29.5% | 26.4% | PE +3.1 pp |
| VAT | 18% | 10% | PE +8 pp |
| Capital Gains Tax | 5% | 0% | PE +5 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Peru | 30% | Source: PWC Worldwide Tax Summaries — Peru (Individual, Taxes on personal income) · as of 2026-07-13 |
| South Korea | 49.5% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Difference | −19.5 pp | South Korea higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Peru | 29.5% | 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 | +3.1 pp | Peru higher |
Between the two, Peru's corporate tax rate (29.5%) tops South Korea's (26.4%) by 3.1pp. The 201-country average is 22.6%: both sit above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Peru | 18% | Source: PWC Worldwide Tax Summaries — Peru (Corporate, Other taxes) · as of 2026-07-13 |
| South Korea | 10% | Source: PWC Worldwide Tax Summaries — Korea, Republic of (Corporate, Other taxes) · as of 2026-06-04 |
| Difference | +8 pp | Peru higher |
Between the two, Peru's VAT rate (18%) tops South Korea's (10%) by 8pp. The 181-country average is 15%: Peru sits above it, South Korea sits below it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Peru | 5% | Source: PWC Worldwide Tax Summaries — Peru (Individual, Income determination) · as of 2026-07-13 |
| South Korea | 0% | Source: PWC Worldwide Tax Summaries — Korea, Republic of (Individual, Income determination) · as of 2026-07-02 |
| Difference | +5 pp | Peru higher |
Between the two, Peru's capital gains tax rate (5%) tops South Korea's (0%) by 5pp. The 175-country average is 10.3%: both sit below it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Peru | 0% | Source: EY Worldwide Personal Tax and Immigration Guide 2025-26 — Peru · as of 2025-10-01 |
| 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 — Peru and South Korea both post a wealth tax rate of 0%. The 193-country average is 0.1%: both sit below it. Peru's figure is dated 2025-10-01 and South Korea's 2026-07-02, so the two rates come from different data vintages.
Not covered for both countries yet: Crypto Tax.