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Slovakia vs South Korea: tax rates compared

South Korea has an income tax rate of 49.5%, 24.5pp above Slovakia's 25%. The 37-country average is 43.2%: Slovakia 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

0102030405060World avg 43.2%SK 25%KR 49.5%
Income Tax, side by side
CountryRateSource
Slovakia25%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−24.5 ppSouth Korea higherlargest gap on this page

Corporate Tax

0102030405060World avg 22.6%SK 24%KR 26.4%
Corporate Tax, side by side
CountryRateSource
Slovakia24%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−2.4 ppSouth Korea higher

South Korea has a corporate tax rate of 26.4%, 2.4pp above Slovakia's 24%. The 201-country average is 22.6%: both sit above it.

VAT

0102030405060World avg 19.5%SK 23%KR 10%
VAT, side by side
CountryRateSource
Slovakia23%Source: Finančná správa Slovenskej republiky — Sadzby dane (VAT rates) · as of 2025-01-01
South Korea10%Source: PWC Worldwide Tax Summaries — Korea, Republic of (Corporate, Other taxes) · as of 2026-06-04
Difference+13 ppSlovakia higher

Slovakia has a VAT rate of 23%, 13pp above South Korea's 10%. The 37-country average is 19.5%: Slovakia sits above it, South Korea sits below it. Slovakia's figure is dated 2025-01-01 and South Korea's 2026-06-04, so the two rates come from different data vintages.

Wealth Tax

0102030405060World avg 0.1%SK 0%KR 0%
Wealth Tax, side by side
CountryRateSource
Slovakia0%Source: PWC Worldwide Tax Summaries — Slovak Republic (Individual, Other taxes) · as of 2026-01-20
South Korea0%Source: PWC Worldwide Tax Summaries — Korea, Republic of (Individual, Other taxes) · as of 2026-07-02
Difference0 ppdisplayed rates match

Slovakia 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.