South Korea Corporate Tax Rate  1974-2017 | Data | Chart | Calendar

The Corporate Tax Rate in South Korea stands at 22 percent. Corporate Tax Rate in South Korea averaged 29.45 percent from 1974 until 2017, reaching an all time high of 40 percent in 1975 and a record low of 22 percent in 2009.

South Korea Corporate Tax Rate
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South Korea Taxes Last Previous Highest Lowest Unit
Corporate Tax Rate 22.00 22.00 40.00 22.00 percent [+]
Personal Income Tax Rate 38.00 38.00 38.00 35.00 percent [+]
Sales Tax Rate 10.00 10.00 10.00 10.00 percent [+]
Social Security Rate 16.76 16.38 18.52 15.30 percent [+]
Social Security Rate For Companies 8.40 8.20 10.23 8.20 percent [+]
Social Security Rate For Employees 8.40 8.20 8.40 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. 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 October of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
22.00 22.00 40.00 22.00 1974 - 2017 percent Yearly




corporate tax rate by Country

Last
United States 35.00 Dec/17
Brazil 34.00 Dec/17
France 33.30 Dec/17
Japan 30.86 Dec/17
Australia 30.00 Dec/16
India 30.00 Dec/17
Mexico 30.00 Dec/17
Germany 29.72 Dec/16
Italy 27.90 Jan/17
Canada 26.50 Dec/16
China 25.00 Dec/17
Indonesia 25.00 Dec/16
Netherlands 25.00 Dec/17
Spain 25.00 Dec/17
Switzerland 24.41 Dec/17
South Korea 22.00 Dec/17
Russia 20.00 Dec/17
Turkey 20.00 Dec/17
United Kingdom 19.00 Dec/17