South Korea Corporate Tax Rate 1997-2017 | Data | Chart | Calendar

The Corporate Tax Rate in South Korea stands at 24.20 percent. Corporate Tax Rate in South Korea averaged 27.23 percent from 1997 until 2016, reaching an all time high of 30.80 percent in 1998 and a record low of 22.00 percent in 2011.

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South Korea Taxes	Last	Previous	Highest	Lowest	Unit
Corporate Tax Rate	24.20	24.20	30.80	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 Notes

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 highest rate for Corporate Income. 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 June of 2017.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	24.20	24.20	30.80	22.00	1997 - 2016	percent	Yearly

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corporate tax rate by Country

	Last		Previous	Highest	Lowest
United States	38.90	Dec/16	39	39.3	38.9	%	Yearly
India	34.61	Dec/16	34.61	38.95	32.44	%	Yearly
Brazil	34.00	Dec/17	34	37	25	%	Yearly
France	33.30	Dec/17	33.3	50	33.3	%	Yearly
Japan	30.86	Dec/16	33.06	52.4	30.86	%	Yearly
Australia	30.00	Dec/16	30	49	30	%	Yearly
Mexico	30.00	Dec/17	30	42	28	%	Yearly
Germany	29.72	Dec/16	29.65	56.8	29.4	%	Yearly
Italy	27.90	Jan/17	31.4	53.2	27.9	%	Yearly
Canada	26.50	Dec/16	26.5	50.9	26.1	%	Yearly
China	25.00	Dec/17	25	33	25	%	Yearly
Indonesia	25.00	Dec/16	25	39	25	%	Yearly
Netherlands	25.00	Dec/17	25	48	25	%	Yearly
Spain	25.00	Dec/17	25	35	25	%	Yearly
South Korea	24.20	Dec/16	24.2	30.8	22	%	Yearly
Russia	20.00	Dec/17	20	43	20	%	Yearly
Turkey	20.00	Dec/17	20	33	20	%	Yearly
United Kingdom	19.00	Dec/17	20	52	19	%	Yearly
Switzerland	17.92	Dec/15	17.92	21.23	17.92	%	Yearly