KR · AsiaTH · Asia
South Korea vs Thailand: tax rates compared
Between the two, South Korea's income tax rate (49.5%) tops Thailand's (35%) by 14.5pp. The 200-country average is 28%: both sit above it. South Korea's figure is dated 2025-01-01 and Thailand's 2026-02-02, so the two rates come from different data vintages.
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 | TH | Difference |
|---|---|---|---|
| Income Tax | 49.5% | 35% | KR +14.5 pp |
| Corporate Tax | 26.4% | 20% | KR +6.4 pp |
| VAT | 10% | 7% | KR +3 pp |
| Capital Gains Tax | 0% | 0% | match |
| Crypto Tax | 0% | 15% | TH +15 pplargest gap |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| South Korea | 49.5% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Thailand | 35% | Source: PWC Worldwide Tax Summaries — Thailand (Individual, Taxes on personal income) · as of 2026-02-02 |
| Difference | +14.5 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 |
| Thailand | 20% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | +6.4 pp | South Korea higher |
Between the two, South Korea's corporate tax rate (26.4%) tops Thailand's (20%) by 6.4pp. The 201-country average is 22.6%: South Korea sits above it, Thailand sits below it.
VAT
| Country | Rate | Source |
|---|---|---|
| South Korea | 10% | Source: PWC Worldwide Tax Summaries — Korea, Republic of (Corporate, Other taxes) · as of 2026-06-04 |
| Thailand | 7% | Source: PWC Worldwide Tax Summaries — Thailand (Corporate, Other taxes) · as of 2026-02-02 |
| Difference | +3 pp | South Korea higher |
Between the two, South Korea's VAT rate (10%) tops Thailand's (7%) by 3pp. The 181-country average is 15%: both sit below it.
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 |
| Thailand | 0% | Source: PWC Worldwide Tax Summaries — Thailand (Individual, Income determination) · as of 2026-02-02 |
| Difference | 0 pp | displayed rates match |
There's no gap here — South Korea and Thailand both post a capital gains tax rate of 0%. The 175-country average is 10.3%: both sit below it.
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 |
| Thailand | 15% | Source: PWC Worldwide Tax Summaries — Thailand (Individual, Income determination) · as of 2026-02-02 |
| Difference | −15 pp | Thailand higher |
Between the two, Thailand's crypto tax rate (15%) tops South Korea's (0%) by 15pp. The 88-country average is 13%: South Korea sits below it, Thailand sits above it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| South Korea | 0% | Source: PWC Worldwide Tax Summaries — Korea, Republic of (Individual, Other taxes) · as of 2026-07-02 |
| Thailand | 0% | Source: PWC Worldwide Tax Summaries — Thailand (Individual, Other taxes) · as of 2026-02-02 |
| Difference | 0 pp | displayed rates match |
There's no gap here — South Korea and Thailand both post a wealth tax rate of 0%. The 193-country average is 0.1%: both sit below it.