The Corporate Tax Rate in South Korea stands at 25 percent. source: National Tax Service, South Korea

Corporate Tax Rate in South Korea averaged 29.17 percent from 1974 until 2020, reaching an all time high of 40 percent in 1975 and a record low of 22 percent in 2009. This page provides - South Korea Corporate Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea Corporate Tax Rate - values, historical data and charts - was last updated on November of 2020.

Corporate Tax Rate in South Korea is expected to reach 25.00 percent by the end of 2020, 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 2021, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
South Korea Corporate Tax Rate

Actual Previous Highest Lowest Dates Unit Frequency
25.00 25.00 40.00 22.00 1974 - 2020 percent Yearly

South Korea Taxes Last Previous Highest Lowest Unit
Corporate Tax Rate 25.00 25.00 40.00 22.00 percent [+]
Personal Income Tax Rate 42.00 42.00 42.00 35.00 percent [+]
Sales Tax Rate 10.00 10.00 10.00 10.00 percent [+]
Social Security Rate 18.94 18.30 18.94 15.30 percent [+]
Social Security Rate For Companies 9.96 9.65 10.40 8.50 percent [+]
Social Security Rate For Employees 8.98 8.65 8.98 6.70 percent [+]


South Korea Corporate Tax Rate
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.