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Economy > Tax > Components of taxation Stats: compare key data on Canada & South Korea

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Definitions

STAT Canada South Korea
Corporate income tax u10.1%
Ranked 10th.
u12.8%
Ranked 5th. 27% more than Canada
Goods and service tax 26.3%
Ranked 25th.
38.8%
Ranked 6th. 48% more than Canada
Personal income tax 35%
Ranked 6th. 3 times more than South Korea
12.8%
Ranked 28th.
Social security > Contribution by employer 8.5%
Ranked 22nd. 10% more than South Korea
7.7%
Ranked 24th.
Social security > Employees contribution 6.2%
Ranked 20th.
11.1%
Ranked 12th. 79% more than Canada

SOURCES: OECD Revenue Statistics

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