South Korea Corporate Tax Rate

The rate on companies in South Korea whose taxable income exceeds 300 billion won increased to 25 percent in 2018 from 22 percent. Corporate Tax Rate in South Korea averaged 29.36 percent from 1974 until 2018, reaching an all time high of 40 percent in 1975 and a record low of 22 percent in 2009.

Corporate Tax Rate in South Korea is expected to be 25.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Korea Corporate Tax Rate is projected to trend around 25.00 percent in 2020, according to our econometric models.

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South Korea Taxes	Last	Previous	Highest	Lowest	Unit
Corporate Tax Rate	25.00	22.00	40.00	22.00	percent	[+]
Personal Income Tax Rate	40.00	40.00	40.00	35.00	percent	[+]
Sales Tax Rate	10.00	10.00	10.00	10.00	percent	[+]
Social Security Rate	18.81	18.81	18.81	15.30	percent	[+]
Social Security Rate For Companies	10.40	10.40	10.40	8.50	percent	[+]
Social Security Rate For Employees	8.41	8.41	8.41	6.70	percent	[+]

In South Korea, the Corporate Income tax rate is a tax collected from companies. Its amount is based on the net income companies obtain while exercising their business activity, normally during one business year. The benchmark we use refers to the top marginal corporate income tax rate for corporations with more than KRW 200 billion of taxable income a year. Revenues from the Corporate Tax Rate are an important source of income for the government of South Korea. This page provides - South Korea Corporate Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea Corporate Tax Rate - actual data, historical chart and calendar of releases - was last updated on January of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	25.00	22.00	40.00	22.00	1974 - 2018	percent	Yearly

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Country	Last		Previous	Range
Argentina	35.00	Dec/18	35	35 : 33	%
India	34.61	Dec/18	34.61	38.95 : 32.44	%
Brazil	34.00	Dec/18	34	37 : 25	%
France	33.30	Dec/18	33.3	50 : 33.3	%
Japan	30.86	Dec/18	30.86	52.4 : 30.86	%
Australia	30.00	Dec/18	30	49 : 30	%
Mexico	30.00	Dec/18	30	42 : 28	%
Germany	29.79	Dec/18	29.79	56.8 : 29.4	%
South Africa	28.00	Dec/18	28	37.8 : 28	%
Canada	26.50	Dec/18	26.5	50.9 : 26.1	%
China	25.00	Dec/18	25	33 : 25	%
Indonesia	25.00	Dec/18	25	39 : 25	%
Netherlands	25.00	Dec/18	25	48 : 25	%
South Korea	25.00	Dec/18	22	40 : 22	%
Spain	25.00	Dec/18	25	35 : 25	%
Italy	24.00	Dec/18	24	53.2 : 24	%
Turkey	22.00	Dec/18	20	33 : 20	%
United States	21.00	Dec/18	35	52.8 : 1	%
Russia	20.00	Dec/18	20	43 : 20	%
Saudi Arabia	20.00	Dec/18	20	45 : 20	%
United Kingdom	19.00	Dec/19	19	52 : 19	%
Switzerland	17.77	Dec/18	17.77	25 : 17.77	%
Singapore	17.00	Dec/18	17	26 : 17	%