KR · AsiaES · Europe
South Korea vs Spain: tax rates compared
Between the two, South Korea's income tax rate (49.5%) tops Spain's (48.6%) by 0.9pp. The 200-country average is 28%: both sit above it.
Verified data covers six of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | KR | ES | Difference |
|---|---|---|---|
| Income Tax | 49.5% | 48.6% | KR +0.9 pp |
| Corporate Tax | 26.4% | 25% | KR +1.4 pp |
| VAT | 10% | 21% | ES +11 pp |
| Capital Gains Tax | 0% | 30% | ES +30 pplargest gap |
| Crypto Tax | 0% | 30% | ES +30 pp |
| Wealth Tax | 0% | 3.5% | ES +3.5 pp |
Income Tax
| Country | Rate | Source |
|---|---|---|
| South Korea | 49.5% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Spain | 48.6% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Difference | +0.9 pp | South Korea higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| South Korea | 26.4% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Spain | 25% | 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 Spain's (25%) by 1.4pp. The 201-country average is 22.6%: both sit above it.
VAT
| Country | Rate | Source |
|---|---|---|
| South Korea | 10% | Source: PWC Worldwide Tax Summaries — Korea, Republic of (Corporate, Other taxes) · as of 2026-06-04 |
| Spain | 21% | Source: PWC Worldwide Tax Summaries — Spain (Corporate, Other taxes) · as of 2025-12-31 |
| Difference | −11 pp | Spain higher |
Between the two, Spain's VAT rate (21%) tops South Korea's (10%) by 11pp. The 181-country average is 15%: South Korea sits below it, Spain sits above it. South Korea's figure is dated 2026-06-04 and Spain's 2025-12-31, so the two rates come from different data vintages.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| South Korea | 0% | Source: PWC Worldwide Tax Summaries — Korea, Republic of (Individual, Income determination) · as of 2026-07-02 |
| Spain | 30% | Source: PwC Worldwide Tax Summaries — Spain, Individual - Income determination · as of 2025-12-31 |
| Difference | −30 pp | Spain higher |
Between the two, Spain's capital gains tax rate (30%) tops South Korea's (0%) by 30pp. The 175-country average is 10.3%: South Korea sits below it, Spain sits above it. South Korea's figure is dated 2026-07-02 and Spain's 2025-12-31, so the two rates come from different data vintages.
Crypto Tax
| Country | Rate | Source |
|---|---|---|
| South Korea | 0% | Source: PWC Worldwide Tax Summaries — Korea, Republic of (Corporate, Income determination — Income from virtual assets) · as of 2026-06-04 |
| Spain | 30% | Source: Agencia Tributaria — Manual Práctico Renta 2025, Compra y venta de monedas virtuales: tributación en el IRPF del inversor · as of 2025-01-01 |
| Difference | −30 pp | Spain higher |
Between the two, Spain's crypto tax rate (30%) tops South Korea's (0%) by 30pp. The 88-country average is 13%: South Korea sits below it, Spain sits above it. South Korea's figure is dated 2026-06-04 and Spain's 2025-01-01, so the two rates come from different data vintages.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| South Korea | 0% | Source: PWC Worldwide Tax Summaries — Korea, Republic of (Individual, Other taxes) · as of 2026-07-02 |
| Spain | 3.5% | Source: PWC Worldwide Tax Summaries — Spain (Individual, Other taxes) · as of 2025-12-31 |
| Difference | −3.5 pp | Spain higher |
Between the two, Spain's wealth tax rate (3.5%) tops South Korea's (0%) by 3.5pp. The 193-country average is 0.1%: South Korea sits below it, Spain sits above it. South Korea's figure is dated 2026-07-02 and Spain's 2025-12-31, so the two rates come from different data vintages.