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South Korea Corporate Tax Rate

Corporate Tax Rate in South Korea

Indicator Data Period
Corporate Tax Rate 25 % 2021


Latest data on Corporate Tax Rate (%)

Corporate Tax Rate
                     South Korea - Historical Data (%)

What is Corporate Tax Rate in South Korea?

  • Corporate Tax Rate in South Korea remained unchanged at 25 % in 2021. The maximum rate was 40 % and minimum was 22 %.
  • Data published Yearly by National Tax Service.

Historical Data (%) by years

Data
Period
Date
25 2021 09.02.2021
25 2020 04.02.2020
25 2019 22.01.2019
25 2018 19.12.2017
22 2017 11.08.2017
22 2016 31.12.2016
22 2015 31.12.2015
22 2014 31.12.2014


Historical Chart by presidents (%)

Corporate Tax Rate in South Korea by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End
Mun Jaei-n 10.05.2017 - 22.0000 22.0000 25.0000 22.0000 0.00%
Park Geun-hye 25.02.2013 - 10.05.2017 22.0000 22.0000 22.0000 22.0000 0.00%
Lee Myung-bak 25.02.2008 - 25.02.2013 25.0000 22.0000 25.0000 22.0000 -12.00%
Roh Moo-hyun 25.02.2003 - 25.02.2008 27.0000 25.0000 27.0000 25.0000 -7.41%
Kim Dae-jung 25.02.1998 - 25.02.2003 28.0000 27.0000 28.0000 27.0000 -3.57%
Kim Youngs-am 25.02.1993 - 25.02.1998 32.0000 28.0000 32.0000 28.0000 -12.50%
Roh Tae-woo 25.02.1988 - 25.02.1993 30.0000 34.0000 34.0000 30.0000 13.33%

Other taxes in South Korea

Index Updated Actual Previous
Corporate Tax Rate 2021 25 % 25
Personal Income Tax Rate 2021 45 % 42
Sales Tax Rate 2021 10 % 10

Corporate Tax Rate in other countries

Country Updated Actual Previous
Bangladesh 2021 32.5 % 25
Jordan 2018 20 % 20
Mongolia 2021 25 % 25
Cambodia 2021 20 % 20
China 2021 25 % 25
Georgia 2021 15 % 15
India 2021 25.17 % 25.17
Israel 2021 23 % 23
Pakistan 2021 29 % 35
South Korea 2021 25 % 25
Taiwan 2021 20 % 20
Vietnam 2021 20 % 20
Maldives 2021 15 % 15
Armenia 2018 20 % 20
Hong Kong 2021 16.5 % 16.5
Indonesia 2021 22 % 25
Japan 2021 30.62 % 30.62
Kazakhstan 2021 20 % 20
Lebanon 2021 17 % 17
Macau 2021 12 % 12
Malaysia 2021 24 % 24
Philippines 2021 30 % 30
Qatar 2021 10 % 10
Singapore 2021 17 % 17
Sri Lanka 2021 24 % 28
Thailand 2021 20 % 20
Oman 2021 15 % 15
Laos 2021 20 % 24
Azerbaijan 2021 20 % 20
Kuwait 2021 15 % 15
Saudi Arabia 2021 20 % 20
Bahrain 2021 0 % 0
United Arab Emirates 2021 0 % 0
Yemen 2021 20 % 20
Uzbekistan 2021 7.5 % 7.5
Iraq 2021 35 % 15
Syria 2021 28 % 28
Afghanistan 2021 20 % 20
Brunei 2021 18.5 % 18.5
Mauritius 2021 15 % 15