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.

La tasa del impuesto sobre las ventas en Corea del Sur es del 10 por ciento. Los valores actuales, los datos históricos, las previsiones, estadísticas, gráficas y calendario económico - Corea del Sur - Tasa de impuesto al consumo.

A taxa de imposto corporativo na Coreia do Sul é de 24 por cento. Valores atuais, dados históricos, previsões, estatísticas, gráficos e calendário econômico - Coréia do Sul - Imposto - Empresas.

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 income taxes collected by the South Korean National Tax Service (NTS) amounted to about 115.8 trillion South Korean won. The amount of collected income taxes has steadily increased throughout the years.

According to a survey conducted in South Korea in December 2021, nearly ** percent of respondents favored lowering the tax rate on real estate ownership and reducing the number of taxpayers. About ** percent of respondents expressed support for lowering the tax threshold.

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.

Key information about South Korea Tax Revenue

• South Korea Tax Revenue was reported at 32.089 USD bn in Jan 2025.
• This records an increase from the previous figure of 14.444 USD bn for Dec 2024.
• South Korea Tax Revenue data is updated monthly, averaging 13.511 USD bn from Jan 2000 to Jan 2025, with 301 observations.
• The data reached an all-time high of 45.986 USD bn in Apr 2022 and a record low of 135.840 USD mn in Nov 2008.
• South Korea Tax Revenue data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Tax Revenue: USD: Monthly.

CEIC converts monthly Tax Revenue into USD. Ministry of Economy and Finance provides year-to-date Tax Revenue in local currency. Federal Reserve Board average market exchange rate is used for currency conversions. Tax Revenue covers Central Government only.

The amount of comprehensive real estate tax paid by households in the South Korean city of Sejong rose by over *** percent from 2018 to 2022. In comparison, the amount of tax in Seoul had risen by ***** percent in the same time period.

In 2023, South Korea's ratio of total taxes to gross domestic product (GDP) was about ** percent, showing a slight decline from the previous year. Although the tax burden relative to GDP has been rising in recent years, it remains below the OECD average.

In 2023, South Korea's total revenue from comprehensive real estate holding taxes was approximately *** trillion South Korean won, which was a decrease compared to the previous year. The highest revenue from comprehensive real estate taxes was recorded in 2021.

South Korea Energy Related Tax Revenue: % of Total Environmental Tax Revenue data was reported at 64.990 % in 2014. This records a decrease from the previous number of 67.070 % for 2013. South Korea Energy Related Tax Revenue: % of Total Environmental Tax Revenue data is updated yearly, averaging 71.780 % from Dec 1994 (Median) to 2014, with 21 observations. The data reached an all-time high of 80.570 % in 2005 and a record low of 43.890 % in 1994. South Korea Energy Related Tax Revenue: % of Total Environmental Tax Revenue data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s South Korea – Table KR.OECD.GGI: Environmental: Environmental Policy, Taxes and Transfers: OECD Member: Annual.

The Sales Tax Rate in North Korea stands at 15 percent. This dataset provides - North Korea Sales Tax Rate | VAT - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Korea Tax Payments data was reported at 12.000 Number in 2017. This stayed constant from the previous number of 12.000 Number for 2016. Korea Tax Payments data is updated yearly, averaging 13.000 Number from Dec 2005 (Median) to 2017, with 13 observations. The data reached an all-time high of 15.000 Number in 2010 and a record low of 11.000 Number in 2014. Korea Tax Payments data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s South Korea – Table KR.World Bank.WDI: Company Statistics. Tax payments by businesses are the total number of taxes paid by businesses, including electronic filing. The tax is counted as paid once a year even if payments are more frequent.; ; World Bank, Doing Business project (http://www.doingbusiness.org/).; Unweighted average; Data are presented for the survey year instead of publication year.

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.

Key information about South Korea Tax revenue: % of GDP

• South Korea Tax revenue: % of GDP was reported at 12.2 % in Dec 2024.
• This records a decrease from the previous number of 13.5 % for Sep 2024.
• South Korea Tax revenue: % of GDP data is updated quarterly, averaging 13.4 % from Mar 2000 to Dec 2024, with 100 observations.
• The data reached an all-time high of 20.1 % in Mar 2022 and a record low of 10.1 % in Dec 2011.
• South Korea Tax revenue: % of GDP data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Tax Revenue: % of Nominal GDP: Quarterly.

CEIC calculates quarterly Tax Revenue as % of Nominal GDP from monthly Tax Revenue and quarterly Nominal GDP. Ministry of Economy and Finance provides year-to-date Tax Revenue in local currency. The Bank of Korea provides the Nominal GDP in local currency. Tax Revenue covers Central Government only.

Total tax and contribution rate (% of profit) in South Korea was reported at 33.2 % in 2019, according to the World Bank collection of development indicators, compiled from officially recognized sources. South Korea - Total tax rate (% of profit) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

In 2023, the total revenue from employment income taxes in South Korea amounted to about 62 trillion South Korean won, showing an increase compared to the previous year. The employment income tax revenue in South Korea has increased steadily in the last years.

In 2024, the revenue from national taxes imposed by the central government stood at approximately ***** trillion South Korean won. The highest tax revenue was recorded in 2022.

South Korea CGO: Year to Date: TR: Current: Tax Revenue: Tax on Goods & Services Incl VAT data was reported at 95,727.000 KRW bn in Nov 2018. This records an increase from the previous number of 93,311.000 KRW bn for Oct 2018. South Korea CGO: Year to Date: TR: Current: Tax Revenue: Tax on Goods & Services Incl VAT data is updated monthly, averaging 35,625.000 KRW bn from Dec 1999 (Median) to Nov 2018, with 228 observations. The data reached an all-time high of 95,727.000 KRW bn in Nov 2018 and a record low of 7,250.000 KRW bn in Jan 2000. South Korea CGO: Year to Date: TR: Current: Tax Revenue: Tax on Goods & Services Incl VAT data remains active status in CEIC and is reported by Statistics Korea. The data is categorized under Global Database’s South Korea – Table KR.F001: Consolidated Central Government Statistics.