Indicators / South Korea Sales Tax Rate
| Related | Last | Previous | Reference | Unit |
|---|---|---|---|---|
| Corporate Tax Rate | 24.0 | 24.0 | Jan/25 | % |
| Personal Income Tax Rate | 45.0 | 45.0 | 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 Sales Tax Rate
In South Korea, the sales tax rate is a tax charged to consumers based on the purchase price of certain goods and services. The benchmark we use for the sales tax rate refers to the highest rate. Revenues from the Sales Tax Rate are an important source of income for the government of South Korea.
| Actual | Previous | Highest | Lowest | Dates | Unit | Frequency | ||
|---|---|---|---|---|---|---|---|---|
| 10.0 | 10.0 | 10.0 | 10.0 | % | YS-JAN |