The Personal Income Tax Rate in South Korea stands at 42 percent. South Korea Personal Income Tax Rate - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.
Personal Income Tax Rate in South Korea averaged 37.19 percent from 2004 until 2019, reaching an all time high of 42 percent in 2018 and a record low of 35 percent in 2005. This page provides - South Korea Personal Income Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: National Tax Service, South Korea
Personal Income Tax Rate in South Korea is expected to reach 42.00 percent by the end of 2020, 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 42.00 percent in 2021, according to our econometric models.