KR · Asia ↔ GB · Europe
South Korea vs United Kingdom: tax rates compared
South Korea has an income tax rate of 49.5%, 4.5pp above United Kingdom's 45%. The 37-country average is 43.2%: both sit 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
| Country | Rate | Source |
|---|---|---|
| South Korea | 49.5% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| United Kingdom | 45% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Difference | +4.5 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 |
| United Kingdom | 25% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | +1.4 pp | South Korea higher |
South Korea has a corporate tax rate of 26.4%, 1.4pp above United Kingdom's 25%. The 201-country average is 22.6%: both sit above it.
VAT
| Country | Rate | Source |
|---|---|---|
| South Korea | 10% | Source: OECD Tax Database — VAT/GST standard rates · as of 2023-09-01 |
| United Kingdom | 20% | Source: OECD Tax Database — VAT/GST standard rates · as of 2023-09-01 |
| Difference | −10 pp | United Kingdom higherlargest gap on this page |
United Kingdom has a VAT rate of 20%, 10pp above South Korea's 10%. The 37-country average is 19.2%: South Korea sits below it, United Kingdom 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 |
| United Kingdom | 0% | Source: PWC Worldwide Tax Summaries — United Kingdom (Individual, Other taxes) · as of 2025-12-24 |
| Difference | 0 pp | displayed rates match |
South Korea and United Kingdom share the same wealth tax rate: 0%. The 193-country average is 0.1%: both sit below it. South Korea's figure is dated 2026-07-02 and United Kingdom's 2025-12-24, so the two rates come from different data vintages.
Not covered for both countries yet: Capital Gains Tax, Crypto Tax.