Asia > Korea, South > Taxation

View full size

Components of taxation > Corporate income tax	u12.8%		[5th of 28]
Components of taxation > Goods and service tax	38.8%		[6th of 30]
Components of taxation > Personal income tax	12.8%		[28th of 30]
Customs and other import duties > % of tax revenue	4.96 %		[40th of 82]
Customs and other import duties > current LCU	6317688000000
Highest marginal tax rate, corporate rate > %	25 %		[61st of 108]
Highest marginal tax rate, individual > on income exceeding, US$	78,115.84 $		[10th of 93]
Highest marginal tax rate, individual rate > %	35 %		[29th of 102]
Net taxes on products > constant LCU	78867600000000
Other taxes > % of revenue	7.05 %		[10th of 91]
Social contributions > % of revenue	16.16 %		[38th of 78]
Tax payments > number	27		[105th of 171]
Tax revenue > % of GDP	15.8 %		[46th of 98]
Tax revenue > current LCU	127465700000000
Taxes on goods and services > % of revenue	28.32 %		[48th of 98]
Taxes on goods and services > % value added of industry and services	7.69 %		[52nd of 89]
Taxes on income, profits and capital gains > % of revenue	28.88 %		[17th of 98]
Taxes on income, profits and capital gains > % of total taxes	42.72 %		[19th of 98]
Taxes on international trade > % of revenue	3.35 %		[40th of 86]
Total tax rate > % of profit	30.9 %		[151st of 171]

Related links:

• Stay updated with current stat feeds! Subscribe to the Taxation RSS / Atom feeds
•  Subscribe to our popular Taxation factoids RSS / Atom feeds
• Save this page on  del.icio.us / furl / your bookmarks

More facts and figures on Korea, South