The Withholding Tax Rate in South Korea stands at 20 percent. Withholding Tax Rate in South Korea averaged 20.00 percent from 2022 until 2025, reaching an all time high of 20.00 percent in 2023 and a record low of 20.00 percent in 2023.



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 Withholding Tax Rate
In South Korea, the withholding tax rate is a tax collected from companies. It applies to businesses when they make payments to other business entities or individuals, e.g., in the form of dividends, interest, and royalties. The benchmark we use refers to the standard withholding tax rate on interest for non-residents. Revenues from the withholding tax rate are an important source of income for the government of South Korea.
Actual Previous Highest Lowest Dates Unit Frequency
20.00 20.00 20.00 20.00 2022 - 2025 percent Yearly
NSA