KR · Asia · KRW

South Korea

Income Tax

49.5%

Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01

Corporate Tax

26.4%

Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01

VAT

10%

Source: OECD Tax Database — VAT/GST standard rates · as of 2023-09-01

Wealth Tax

Source: PWC Worldwide Tax Summaries — Korea, Republic of (Individual, Other taxes) · as of 2026-07-02

No net wealth/worth taxes levied. PWC: "No net wealth/worth taxes exist in Korea at this time." South Korea's 'comprehensive real estate holding tax' (종합부동산세) is a real-estate-only levy on landowners above a threshold, not a general net worth tax, so it does not count as a wealth tax under this site's rules.

No verified data yet for: Capital Gains Tax, Crypto Tax.