South Korea Personal Income Tax Rate  Forecast


Personal Income Tax Rate in South Korea is expected to be 37.39 percent by the end of this quarter, 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 36.13 percent in 2020, according to our econometric models.


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South Korea Taxes Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Corporate Tax Rate 22 22 25 25 25 25
Personal Income Tax Rate 38 37.39 37.27 37.14 37.02 36.13
Sales Tax Rate 10 10 10 10 10 10
Social Security Rate 16.76 16.76 16.76 16.76 15.53 16.76
Social Security Rate For Companies 8.4 8.4 8.4 8.4 8.25 8.4
Social Security Rate For Employees 8.4 8.4 8.4 8.4 8.36 8.4