Indicators / South Korea Personal Income Tax Rate
| Related | Last | Previous | Reference | Unit |
|---|---|---|---|---|
| Corporate Tax Rate | 24.0 | 24.0 | 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 Personal Income Tax Rate
In South Korea, the Personal Income Tax Rate is a tax collected from individuals and is imposed on different sources of income like labour, pensions, interest and dividends. The benchmark we use refers to the Top Marginal Tax Rate for individuals. Revenues from the Personal Income Tax Rate are an important source of income for the government of South Korea.
| Actual | Previous | Highest | Lowest | Dates | Unit | Frequency | ||
|---|---|---|---|---|---|---|---|---|
| 45.0 | 45.0 | 45.0 | 38.0 | % | YS-JAN |