TaxGlass

KR · Asia ↔ TR · Asia

South Korea vs Türkiye: tax rates compared

South Korea has an income tax rate of 49.5%, 8.7pp above Türkiye's 40.8%. The 37-country average is 43.2%: South Korea sits above it, Türkiye sits below 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%KR 49.5%TR 40.8%
Income Tax, side by side
CountryRateSource
South Korea49.5%Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01
Türkiye40.8%Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01
Difference+8.7 ppSouth Korea higher

Corporate Tax

0102030405060World avg 22.6%KR 26.4%TR 25%
Corporate Tax, side by side
CountryRateSource
South Korea26.4%Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01
Türkiye25%Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01
Difference+1.4 ppSouth Korea higher

South Korea has a corporate tax rate of 26.4%, 1.4pp above Türkiye's 25%. The 201-country average is 22.6%: both sit above it.

VAT

0102030405060World avg 19.5%KR 10%TR 20%
VAT, side by side
CountryRateSource
South Korea10%Source: PWC Worldwide Tax Summaries — Korea, Republic of (Corporate, Other taxes) · as of 2026-06-04
Türkiye20%Source: PWC Worldwide Tax Summaries — Turkey (Corporate, Other taxes) · as of 2026-03-27
Difference−10 ppTürkiye higherlargest gap on this page

Türkiye has a VAT rate of 20%, 10pp above South Korea's 10%. The 37-country average is 19.5%: South Korea sits below it, Türkiye sits above it.

Wealth Tax

0102030405060World avg 0.1%KR 0%TR 0%
Wealth Tax, side by side
CountryRateSource
South Korea0%Source: PWC Worldwide Tax Summaries — Korea, Republic of (Individual, Other taxes) · as of 2026-07-02
Türkiye0%Source: PWC Worldwide Tax Summaries — Türkiye (Individual, Other taxes) · as of 2026-03-27
Difference0 ppdisplayed rates match

South Korea and Türkiye 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.