TaxGlass

PT · Europe ↔ KR · Asia

Portugal vs South Korea: tax rates compared

Portugal has an income tax rate of 53%, 3.5pp above South Korea's 49.5%. The 37-country average is 43.2%: both sit 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%PT 53%KR 49.5%
Income Tax, side by side
CountryRateSource
Portugal53%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+3.5 ppPortugal higher

Corporate Tax

0102030405060World avg 22.6%PT 30.5%KR 26.4%
Corporate Tax, side by side
CountryRateSource
Portugal30.5%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+4.1 ppPortugal higher

Portugal has a corporate tax rate of 30.5%, 4.1pp above South Korea's 26.4%. The 201-country average is 22.6%: both sit above it.

VAT

0102030405060World avg 19.5%PT 23%KR 10%
VAT, side by side
CountryRateSource
Portugal23%Source: PWC Worldwide Tax Summaries — Portugal (Corporate, Other taxes) · as of 2026-01-26
South Korea10%Source: PWC Worldwide Tax Summaries — Korea, Republic of (Corporate, Other taxes) · as of 2026-06-04
Difference+13 ppPortugal higherlargest gap on this page

Portugal has a VAT rate of 23%, 13pp above South Korea's 10%. The 37-country average is 19.5%: Portugal sits above it, South Korea sits below it.

Wealth Tax

0102030405060World avg 0.1%PT 0%KR 0%
Wealth Tax, side by side
CountryRateSource
Portugal0%Source: PWC Worldwide Tax Summaries — Portugal (Individual, Other taxes) · as of 2026-01-05
South Korea0%Source: PWC Worldwide Tax Summaries — Korea, Republic of (Individual, Other taxes) · as of 2026-07-02
Difference0 ppdisplayed rates match

Portugal 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.