South KoreaSouthCorporate tax rate is 25% for income over 300 billion KRW. Lower rates for smaller companies (10-22%). QDMTT applies from 2026.
Corporate Tax
25%
Income Tax
6% - 45%
VAT Rate
10%
Capital Gains Tax
11%
Effective Rate
25%
Income Tax Brackets
- 0 - 14,000,0006%
- 14,000,000 - 50,000,00015%
- 50,000,000 - 88,000,00024%
- 88,000,000 - 150,000,00035%
- 150,000,000 - ∞45%
Capital Gains
11%
Capital gains tax is 11% for individuals (6% national + 5% local).