SL · AfricaKR · Asia
Sierra Leone vs South Korea: tax rates compared
Between the two, South Korea's income tax rate (49.5%) tops Sierra Leone's (30%) by 19.5pp. The 200-country average is 28%: both sit above it. Sierra Leone's figure is dated 2021-01-01 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 | SL | KR | Difference |
|---|---|---|---|
| Income Tax | 30% | 49.5% | KR +19.5 pp |
| Corporate Tax | 25% | 26.4% | KR +1.4 pp |
| VAT | 15% | 10% | SL +5 pp |
| Capital Gains Tax | 25% | 0% | SL +25 pplargest gap |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Sierra Leone | 30% | Source: Sierra Leone National Revenue Authority — 2022 NRA Tax Guide · as of 2021-01-01 |
| 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 |
|---|---|---|
| Sierra Leone | 25% | 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 | −1.4 pp | South Korea higher |
Between the two, South Korea's corporate tax rate (26.4%) tops Sierra Leone's (25%) by 1.4pp. The 201-country average is 22.6%: both sit above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Sierra Leone | 15% | Source: National Revenue Authority (Sierra Leone) — A Guide to the GST Legislation · as of 2009-03-01 |
| South Korea | 10% | Source: PWC Worldwide Tax Summaries — Korea, Republic of (Corporate, Other taxes) · as of 2026-06-04 |
| Difference | +5 pp | Sierra Leone higher |
Between the two, Sierra Leone's VAT rate (15%) tops South Korea's (10%) by 5pp. The 181-country average is 15%: Sierra Leone matches the world average, South Korea sits below it. Sierra Leone's figure is dated 2009-03-01 and South Korea's 2026-06-04, so the two rates come from different data vintages.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Sierra Leone | 25% | Source: National Revenue Authority, Sierra Leone — Finance Act 2021 (Section 13, amending Income Tax Act 2000 Section 57(1)) · as of 2021-01-01 |
| South Korea | 0% | Source: PWC Worldwide Tax Summaries — Korea, Republic of (Individual, Income determination) · as of 2026-07-02 |
| Difference | +25 pp | Sierra Leone higher |
Between the two, Sierra Leone's capital gains tax rate (25%) tops South Korea's (0%) by 25pp. The 175-country average is 10.3%: Sierra Leone sits above it, South Korea sits below it. Sierra Leone's figure is dated 2021-01-01 and South Korea's 2026-07-02, so the two rates come from different data vintages.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Sierra Leone | 0% | Source: Sierra Leone National Revenue Authority — Tax Laws & Regulations (official index) · as of 2026-07-18 |
| 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 — Sierra Leone 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: Crypto Tax.