The Personal Income Tax Rate in South Korea stands at 45 percent. Personal Income Tax Rate in South Korea averaged 39.18 percent from 2004 until 2025, reaching an all time high of 45.00 percent in 2021 and a record low of 35.00 percent in 2005. source: National Tax Service, South Korea

Personal Income Tax Rate in South Korea is expected to reach 45.00 percent by the end of 2026, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Korea Personal Income Tax Rate is projected to trend around 45.00 percent in 2027, according to our econometric models.



Related Last Previous Unit Reference
Corporate Tax Rate 24.00 24.00 percent Dec 2025
Personal Income Tax Rate 45.00 45.00 percent Dec 2025
Sales Tax Rate 10.00 10.00 percent Dec 2025
Social Security Rate 19.75 19.75 percent Dec 2025
Social Security Rate For Companies 10.35 10.35 percent Dec 2025
Social Security Rate For Employees 9.40 9.40 percent Dec 2025
Withholding Tax Rate 20.00 20.00 percent Dec 2025


South Korea Personal Income Tax Rate
In South Korea, the Personal Income Tax Rate is a tax collected from individuals and is imposed on different sources of income like labour, pensions, interest and dividends. The benchmark we use refers to the Top Marginal Tax Rate for individuals. Revenues from the Personal Income Tax Rate are an important source of income for the government of South Korea.
Actual Previous Highest Lowest Dates Unit Frequency
45.00 45.00 45.00 35.00 2004 - 2025 percent Yearly