Asia-Pacific
Currency
KRW
Corporate Tax
22%
Personal Income Tax
49.5%
VAT / GST
10%
National 22% (20% + 2% local) on first KRW 200m; 24% (incl. local) above; effective ~25.7%.
Top combined 49.5% (45% national + local 4% surcharge) above KRW 1bn.
Standard 10%.
Dividends
20%
Interest
22%
Royalties
22%
Rates shown are statutory; treaty networks may reduce withholding significantly. Verify against the relevant double-tax agreement.
NPS 9% (employer 4.5% + employee 4.5%); health 7.09% (employer 3.545% + employee); employment 0.9-1.6%; capped.
Capital Gains Tax
20–27.5% (higher on multiple homes)
Inheritance / Estate Tax
Progressive 10–55%
Capital (Net Worth) Tax
0%
Property Tax
Property tax + comprehensive holding tax
Rates are indicative headline figures and may omit holding-period exemptions, regional variation, and surcharges. Verify against current law before relying on them.
Treaties in force
~80
Key partners: USA, UK, Japan, China, Singapore, Canada
Broad network; withholding typically 5%–15%.
Treaty counts are approximate and change as agreements are signed, ratified, or terminated. Verify the status and withholding rates under the specific treaty before relying on them.
Calendar year
Notes
Foreign Investment Incentive (tax credits/holidays). R&D tax credit 25-50%. SME reduced rates 10%.
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