🇰🇷 South Korea
KR / KOR #107
Nomad Score
68.0
Cities
19
Region
G20,
Sinosphere,
Tech Startup Ecosystems,
Remote Work Friendly Countries,
Coworking Hotspots,
Nomad Visa Countries,
Asia,
Asia,
Eastern Asia,
Next Eleven,
Four Asian Tigers
Currency
KRW
🇰🇷 SOUTH KOREA TAX PROFILE
Data year: 2026
Tax System
Worldwide
Worldwide income taxation for residents. Non-residents taxed on Korean-sourced income only. Foreign employees may elect flat 19% tax on gross Korean-sourced employment income for first 5 years.
Worldwide income taxation for residents. Non-residents taxed on Korean-sourced income only. Foreign employees may elect flat 19% tax on gross Korean-sourced employment income for first 5 years.
Top PIT Rate
45.0%
(eff. 49.5%)
Corporate Tax Rate
25.0%
VAT
10.0%
Capital Gains Tax
20.0%
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.
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.
Social Security (Employee)
9.0%
Social Security (Employer)
9.0%
Dividend Withholding
20.0%
Interest Withholding
20.0%
Royalty Withholding
20.0%
Inheritance Tax
50.0%
Treaty Count
93
Crypto Rules
📊 INCOME TAX BRACKETS
Corporate
| Bracket Min | Bracket Max | Rate % | USD Equivalent |
|---|---|---|---|
| KRW 0 | KRW 200,000,000 | 10.0% | -- |
| KRW 200,000,000 | KRW 20,000,000,000 | 20.0% | -- |
| KRW 20,000,000,000 | KRW 300,000,000,000 | 22.0% | -- |
| KRW 300,000,000,000 | and above | 25.0% | -- |
Personal income
| Bracket Min | Bracket Max | Rate % | USD Equivalent |
|---|---|---|---|
| KRW 0 | KRW 14,000,000 | 6.0% | -- |
| KRW 14,000,000 | KRW 50,000,000 | 15.0% | -- |
| KRW 50,000,000 | KRW 88,000,000 | 24.0% | -- |
| KRW 88,000,000 | KRW 150,000,000 | 35.0% | -- |
| KRW 150,000,000 | KRW 300,000,000 | 38.0% | -- |
| KRW 300,000,000 | KRW 500,000,000 | 40.0% | -- |
| KRW 500,000,000 | KRW 1,000,000,000 | 42.0% | -- |
| KRW 1,000,000,000 | and above | 45.0% | -- |
🏠 TAX RESIDENCY
Days Threshold
183 days
Residency Rules
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.
Exit Tax
No
CFC Rules
Yes
📅 FILING INFORMATION
Fiscal Year
01-01 – 12-31
Filing Deadline
May 31
📚 SOURCES
- KPMG Korea 2026 tax changes (accessed May 3, 2026)
- PwC Republic of Korea CIT (accessed May 3, 2026)
-
PwC Worldwide Tax Summaries - South Korea
(accessed Mar 23, 2026)
PIT, CIT, VAT, withholding rates
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