The Corporate Tax Rate in South Korea stands at 24 percent. This dataset provides - South Korea Corporate Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Korea Total Tax Rate: % of Profit data was reported at 33.100 % in 2017. This stayed constant from the previous number of 33.100 % for 2016. Korea Total Tax Rate: % of Profit data is updated yearly, averaging 33.200 % from Dec 2005 (Median) to 2017, with 13 observations. The data reached an all-time high of 36.800 % in 2005 and a record low of 30.200 % in 2010. Korea Total Tax Rate: % of Profit data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Korea – Table KR.World Bank: Company Statistics. Total tax rate measures the amount of taxes and mandatory contributions payable by businesses after accounting for allowable deductions and exemptions as a share of commercial profits. Taxes withheld (such as personal income tax) or collected and remitted to tax authorities (such as value added taxes, sales taxes or goods and service taxes) are excluded.; ; World Bank, Doing Business project (http://www.doingbusiness.org/).; Unweighted average; Data are presented for the survey year instead of publication year.

In 2023, the total revenue from corporate income taxes in South Korea amounted to approximately ***** trillion South Korean won. The highest corporate income tax revenue was recorded in 2021.

The Personal Income Tax Rate in South Korea stands at 45 percent. This dataset provides - South Korea Personal Income Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The total corporate tax burden for the real estate industry in South Korea stood at **** trillion South Korean won in 2022. According to the source, the corporate tax burden for the South Korean real estate industry rose by over ** percent from five years prior.

This dataset provides values for CORPORATE TAX RATE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

In 2023, the income taxes collected by the South Korean National Tax Service (NTS) amounted to about ***** trillion South Korean won. The amount of collected income taxes has steadily increased throughout the years.

Korea Time to Prepare and Pay Taxes data was reported at 188.000 Hour in 2017. This stayed constant from the previous number of 188.000 Hour for 2016. Korea Time to Prepare and Pay Taxes data is updated yearly, averaging 225.000 Hour from Dec 2005 (Median) to 2017, with 13 observations. The data reached an all-time high of 290.000 Hour in 2007 and a record low of 187.000 Hour in 2014. Korea Time to Prepare and Pay Taxes data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Korea – Table KR.World Bank: Company Statistics. Time to prepare and pay taxes is the time, in hours per year, it takes to prepare, file, and pay (or withhold) three major types of taxes: the corporate income tax, the value added or sales tax, and labor taxes, including payroll taxes and social security contributions.; ; World Bank, Doing Business project (http://www.doingbusiness.org/).; Unweighted average; Data are presented for the survey year instead of publication year.

The statistic presents the results of a survey conducted between December 2016 and January 2017 about the perception on the complexity of tax compliance and reporting for businesses in South Korea. The survey revealed that ** out of 149 companies in South Korea found that the tax system was somewhat complicated.

The statistic above provides information about the foreign taxable income for U.S. corporations in South Korea from 1992 to 2010. In 2010, the foreign taxable income for U.S. corporations in South Korea was about *** billion chained 2010 U.S. dollars.

The Sales Tax Rate in South Korea stands at 10 percent. This dataset provides - South Korea Sales Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Korea Other Taxes Payable by Businesses: % of Commercial Profits data was reported at 1.400 % in 2017. This stayed constant from the previous number of 1.400 % for 2016. Korea Other Taxes Payable by Businesses: % of Commercial Profits data is updated yearly, averaging 1.700 % from Dec 2005 (Median) to 2017, with 13 observations. The data reached an all-time high of 2.300 % in 2008 and a record low of 1.400 % in 2017. Korea Other Taxes Payable by Businesses: % of Commercial Profits data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Korea – Table KR.World Bank: Business Environment. Other taxes payable by businesses include the amounts paid for property taxes, turnover taxes, and other small taxes such as municipal fees and vehicle and fuel taxes.; ; World Bank, Doing Business project (http://www.doingbusiness.org/).; Unweighted average; Data are presented for the survey year instead of publication year.

The personal income tax rate in South Korea was forecast to remain on a similar level in 2029 as compared to 2024 with ** percent. According to this forecast, the rate will stay nearly the same over the forecast period. The shown rate refers to the nominal top marginal tax rate. Depending on income the actual rate usually varies individually.The shown data are an excerpt of Statista's Key Market Indicators (KMI). The KMI are a collection of primary and secondary indicators on the macro-economic, demographic and technological environment in more than *** countries and regions worldwide. All input data are sourced from international institutions, national statistical offices, and trade associations. All data has been are processed to generate comparable datasets (see supplementary notes under details for more information).

Comprehensive dataset containing 1 verified Tax businesses in Incheon, South Korea with complete contact information, ratings, reviews, and location data.

Korea Profit Tax: % of Commercial Profits data was reported at 18.200 % in 2017. This stayed constant from the previous number of 18.200 % for 2016. Korea Profit Tax: % of Commercial Profits data is updated yearly, averaging 18.400 % from Dec 2005 (Median) to 2017, with 13 observations. The data reached an all-time high of 22.800 % in 2005 and a record low of 15.600 % in 2010. Korea Profit Tax: % of Commercial Profits data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Korea – Table KR.World Bank: Business Environment. Profit tax is the amount of taxes on profits paid by the business.; ; World Bank, Doing Business project (http://www.doingbusiness.org/).; Unweighted average; Data are presented for the survey year instead of publication year.

South Korea: Indirect tax rate: The latest value from is percent, unavailable from percent in . In comparison, the world average is 0 percent, based on data from countries. Historically, the average for South Korea from to is 10 percent. The minimum value, 10 percent, was reached in 2006 while the maximum of 10 percent was recorded in 2006.

The Withholding Tax Rate in South Korea stands at 20 percent. This dataset includes a chart with historical data for South Korea Withholding Tax Rate.

Machine-readable technical-service fee withholding-tax rate between South Korea and United States. Part of Project Black Ledger’s dataset covering 2400 treaty provisions.

In 2022, the taxes on international trade as a share of revenue stood at *** percent in South Korea. The highest share was reported in 2013, with a share of **** percent. Since then, there has been a decrease.

In 2024, LG Electronics' corporation tax amounted to about ***** billion South Korean won, considerably down from around *** billion won in the previous year. Despite the drop in 2022, the corporation tax expenses of LG Electronics have increased in recent years.