5Y 10Y
Related Last Previous Reference Unit
Personal Income Tax Rate 45.0 45.0 Jan/25 %
Sales Tax Rate 10.0 10.0 Jan/25 %
Social Security Rate 19.8 19.8 Jan/25 %
Social Security Rate For Companies 10.4 10.4 Jan/25 %
Social Security Rate For Employees 9.4 9.4 Jan/25 %
Withholding Tax Rate 20.0 20.0 Jan/25 %

South Korea Corporate Tax Rate
In South Korea, the Corporate Income tax rate is a tax collected from companies. Its amount is based on the net income companies obtain while exercising their business activity, normally during one business year. It includes a rate of up to 25% from the central government and 2.5% for local corporate tax. The benchmark we use refers to the top marginal corporate income tax rate for corporations with more than KRW 200 billion of taxable income a year. Revenues from the Corporate Tax Rate are an important source of income for the government of South Korea.
Actual Previous Highest Lowest Dates Unit Frequency
24.0 24.0 27.5 24.0 % YS-JAN
NSA, 2011-12 Prices