Corporate Tax Rate in South Korea remained unchanged at 25 percent in 2021 from 25 percent in 2020. source: National Tax Service, South Korea

Corporate Tax Rate in South Korea averaged 29.08 percent from 1974 until 2021, 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 October of 2021.

Corporate Tax Rate in South Korea is expected to reach 25.00 percent by the end of 2021, 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 2022, according to our econometric models.

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South Korea Corporate Tax Rate


South Korea Last Unit Reference Previous Highest Lowest
Personal Income Tax Rate 45.00 percent Dec/21 42.00 45.00 35.00
Corporate Tax Rate 25.00 percent Dec/21 25.00 40.00 22.00
Sales Tax Rate 10.00 percent Dec/21 10.00 10.00 10.00


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.