KR · AsiaVN · Asia
South Korea vs Vietnam: tax rates compared
South Korea's income tax rate is 14.5pp higher than Vietnam's (49.5% vs 35%). The 200-country average is 28%: both sit above it. South Korea's figure is dated 2025-01-01 and Vietnam's 2026-03-09, 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 | VN | Difference |
|---|---|---|---|
| Income Tax | 49.5% | 35% | KR +14.5 pplargest gap |
| Corporate Tax | 26.4% | 20% | KR +6.4 pp |
| VAT | 10% | 10% | match |
| Capital Gains Tax | 0% | 0.1% | VN +0.1 pp |
| Crypto Tax | 0% | 0.1% | VN +0.1 pp |
| 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 |
| Vietnam | 35% | Source: PWC Worldwide Tax Summaries — Vietnam (Individual, Taxes on personal income) · as of 2026-03-09 |
| 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 |
| Vietnam | 20% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | +6.4 pp | South Korea higher |
South Korea's corporate tax rate is 6.4pp higher than Vietnam's (26.4% vs 20%). The 201-country average is 22.6%: South Korea sits above it, Vietnam 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 |
| Vietnam | 10% | Source: PWC Worldwide Tax Summaries — Vietnam (Corporate, Other taxes) · as of 2026-03-09 |
| Difference | 0 pp | displayed rates match |
South Korea's VAT rate is identical to Vietnam's — both sit at 10%. 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 |
| Vietnam | 0.1% | Source: PWC Worldwide Tax Summaries — Vietnam (Individual, Taxes on personal income) · as of 2026-03-09 |
| Difference | −0.1 pp | Vietnam higher |
Vietnam's capital gains tax rate is 0.1pp higher than South Korea's (0.1% vs 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 |
| Vietnam | 0.1% | Source: EY Worldwide Personal Tax and Immigration Guide 2025-26 — Vietnam · as of 2025-10-01 |
| Difference | −0.1 pp | Vietnam higher |
Vietnam's crypto tax rate is 0.1pp higher than South Korea's (0.1% vs 0%). The 88-country average is 13%: both sit below it. South Korea's figure is dated 2026-06-04 and Vietnam's 2025-10-01, 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 |
| Vietnam | 0% | Source: PWC Worldwide Tax Summaries — Vietnam (Individual, Other taxes) · as of 2026-03-09 |
| Difference | 0 pp | displayed rates match |
South Korea's wealth tax rate is identical to Vietnam's — both sit at 0%. The 193-country average is 0.1%: both sit below it.