Indicators / South Korea Withholding 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 | % |
| 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 | % |
South Korea Withholding Tax Rate
In South Korea, the withholding tax rate is a tax collected from companies. It applies to businesses when they make payments to other business entities or individuals, e.g., in the form of dividends, interest, and royalties. The benchmark we use refers to the standard withholding tax rate on interest for non-residents. Revenues from the withholding tax rate are an important source of income for the government of South Korea.
| Actual | Previous | Highest | Lowest | Dates | Unit | Frequency | ||
|---|---|---|---|---|---|---|---|---|
| 20.0 | 20.0 | 20.0 | 20.0 | % | YS-JAN |