⚖️ 🇳🇦 Namibia vs 🇰🇷 South Korea
| 🇳🇦 Namibia | 🇰🇷 South Korea | |
|---|---|---|
| Tax System | Worldwide | Worldwide |
| Tax Authority | Namibia Revenue Agency | National Tax Service (NTS) |
| Authority Website | — | Visit |
| Data Year | 2026 | 2026 |
📊 AT A GLANCE
| Metric | 🇳🇦 Namibia | 🇰🇷 South Korea |
|---|---|---|
| Top Personal Income Tax | 37.00% | 45.00% |
| Effective Top PIT Rate | 37.00% | 49.50% |
| Corporate Tax Rate | 28.00% | 25.00% |
| VAT / GST | 15.00% (VAT) | 10.00% (VAT) |
| Tax System | Worldwide | Worldwide |
| Tax Treaties | 10 | 93 |
💰 INCOME TAX RATES
| Rate | Namibia | South Korea |
|---|---|---|
| Top PIT Rate | 37.00% | 45.00% |
| Effective Top PIT | 37.00% | 49.50% |
| Capital Gains Tax | — | 20.00% |
| CG Notes | — | Real estate: basic rate 6-45% for properties held 2+ years (same as income tax brackets). Short-term gains (1-2 years) taxed at 60%, under 1 year at 70%. Stocks: major shareholders or over-threshold gains taxed at 20% (25% above KRW 300M). General investors exempt on listed shares until 2025. |
| SS Employee | — | 9.00% |
| SS Employer | — | 9.00% |
🏦 WITHHOLDING RATES
| Type | Namibia | South Korea |
|---|---|---|
| Dividend WHT | — | 20.00% |
| Interest WHT | — | 20.00% |
| Royalty WHT | — | 20.00% |
📋 OTHER TAXES
| Tax | Namibia | South Korea |
|---|---|---|
| Corporate Tax | 28.00% | 25.00% |
| Inheritance Tax | — | 50.00% |
| Wealth Tax | — | — |
🔧 TAX FEATURES
| Feature | Namibia | South Korea |
|---|---|---|
| Personal Income Tax | Yes | Yes |
| Capital Gains Tax | Yes | Yes |
| Corporate Tax | Yes | Yes |
| VAT / GST | Yes | Yes |
| Wealth Tax | No | No |
| Inheritance Tax | No | Yes |
| Exit Tax | No | No |
| CFC Rules | No | Yes |
| Digital Services Tax | No | No |
| Crypto-Specific Rules | No | Yes |
| Participation Exemption | No | No |
| Territorial Exemption | No | No |
🌟 SPECIAL REGIMES
| Regime | Namibia | South Korea |
|---|---|---|
| Digital Nomad Tax Regime | No | No |
| Non-Dom Regime | No | No |
📅 RESIDENCY & FILING
| Detail | Namibia | South Korea |
|---|---|---|
| Residency Threshold | 183 days | 183 days |
| Residency Rules | Resident if present 183+ days in a calendar year. | Tax resident if has domicile in Korea for 183 days or more, or has lived in Korea for 183 days or more. Determined by center of vital interests. |
| Filing Deadline | — | May 31 |
| Auto Extension | No | No |
| Filing Notes | — | Annual income tax return due May 1-31 following the tax year. Employment income often settled through year-end adjustment by employer. |