South Korea
Eastern Asia · KR · 97 treaties
What are the main tax rates in South Korea?
South Korea has a top personal income tax rate of 45%, a corporate tax rate of 24%, and a standard VAT of 10%.
Tax profile
| Corporate income tax | 24% |
| Withholding — dividends | 22% |
| Withholding — interest | 22% |
| Withholding — royalties | 22% |
| VAT / GST (standard) | 10% |
| Personal income (top rate) | 45% |
| Capital gains | 0% |
| Tax system | Worldwide |
| Residency threshold | 183 days |
| Exit / departure tax | Yes |
| CFC rules | Yes |
| Transfer pricing | Strict |
| Digital nomad visa | Workation / digital nomad visa (F-1-D) |
| Digital services tax | none |
| Global minimum tax (Pillar 2) | None |
Common questions
- How long does it take to become a tax resident in South Korea?
- You can become a tax resident in South Korea after 183 days of presence.
- Does South Korea offer a nomad visa?
- Yes, South Korea offers a nomad visa.
- What is the capital gains tax rate in South Korea?
- South Korea has a 0% capital gains tax rate.
Tax residency
ModerateWhat makes you a tax resident — and how hard it is to stop being one.
- having a domicile in Korea (general living relationship such as family, assets, etc. located in Korea)
- maintaining a place of residence in Korea for at least 183 days in a tax year
- maintaining a place of residence in Korea for 183 consecutive days over two tax years (for tax years beginning on or after 1 January 2026)
- having an occupation that generally requires residence in Korea for at least 183 days
- being deemed to reside in Korea for 183 days or more in a tax year by accompanying family in Korea or by retaining substantial assets in Korea
- being treated as resident where general living relationship (family and property) remains in Korea, even if working and staying abroad for more than 183 days
Domicile / deemed-domicile
Korea does not tax based purely on citizenship, but residence can continue if your domicile, family or substantial assets remain in Korea, so simply spending fewer than 183 days abroad may not be enough to break residency cleanly.
Source: National Tax Service (via OECD and PwC summaries of the Individual Income Tax Law)
Tax treaty network (103)
In-force double-tax treaty partners. Treaty-reduced withholding (dividends / interest / royalties) shown where the official source publishes a rate; otherwise the country's statutory rate applies unless the treaty text provides a reduction.
| Partner | Div | Int | Roy |
|---|---|---|---|
| Albania | 10% | 10% | 10% |
| Algeria | 15% | 10% | 10% |
| Andorra | 10% | 10% | 5% |
| Argentina | — | — | — |
| Australia | 15% | 15% | 15% |
| Austria | 15% | 10% | 10% |
| Bangladesh | 15% | 10% | 10% |
| Belarus | 15% | 10% | 5% |
| Belgium | 15% | 10% | 10% |
| Bolivia | — | — | — |
| Bosnia and Herzegovina | — | — | — |
| Brazil | 10% | 15% | 25% |
| Brunei | 10% | 10% | 10% |
| Bulgaria | 10% | 10% | 5% |
| Cambodia | 10% | 10% | 10% |
| Canada | 15% | 10% | 10% |
| Chile | 10% | 5% | 10% |
| China | 10% | 10% | 10% |
| Colombia | 10% | 10% | 10% |
| Croatia | 10% | 5% | 0% |
| Czechia | 5% | 5% | 10% |
| Denmark | 15% | 15% | 15% |
| Ecuador | 10% | 12% | 12% |
| Egypt | 15% | 15% | 15% |
| Estonia | 10% | 10% | 10% |
| Ethiopia | 8% | 7.5% | 5% |
| Fiji | 15% | 10% | 10% |
| Finland | 15% | 10% | 10% |
| France | 15% | 10% | 10% |
| Gabon | 15% | 10% | 10% |
| Georgia | 10% | 10% | 10% |
| Germany | 15% | 10% | 10% |
| Greece | 15% | 8% | 10% |
| Hong Kong S.A.R. | 15% | 10% | 10% |
| Hungary | 10% | 0% | 0% |
| Iceland | 15% | 10% | 10% |
| India | 15% | 10% | 10% |
| Indonesia | 15% | 10% | 15% |
| Iran | 10% | 10% | 10% |
| Ireland | 15% | 0% | 0% |
| Israel | 15% | 10% | 5% |
| Italy | 15% | 10% | 10% |
| Jamaica | — | — | — |
| Japan | 15% | 10% | 10% |
| Jordan | 10% | 10% | 10% |
| Kazakhstan | 15% | 10% | 10% |
| Kenya | 10% | 12% | 10% |
| Kuwait | 5% | 5% | 15% |
| Laos | 10% | 10% | 5% |
| Latvia | 10% | 10% | 10% |
| Lithuania | 10% | 10% | 10% |
| Luxembourg | 15% | 10% | 15% |
| Malaysia | 15% | 15% | 15% |
| Malta | 15% | 10% | 0% |
| Mexico | 15% | 15% | 10% |
| Mongolia | 5% | 5% | 10% |
| Morocco | 10% | 10% | 10% |
| Myanmar | 10% | 10% | 15% |
| Nepal | 15% | 10% | 15% |
| Netherlands | 15% | 15% | 15% |
| New Zealand | 15% | 10% | 10% |
| Norway | 15% | 15% | 15% |
| Oman | 10% | 5% | 8% |
| Pakistan | 12.5% | 12.5% | 10% |
| Panama | 15% | 5% | 10% |
| Papua New Guinea | 15% | 10% | 10% |
| Paraguay | — | — | — |
| Peru | 10% | 15% | 15% |
| Philippines | 25% | 15% | 15% |
| Poland | 10% | 10% | 5% |
| Portugal | 15% | 15% | 10% |
| Qatar | 10% | 10% | 5% |
| Romania | 10% | 10% | 10% |
| Russia | 10% | 0% | 5% |
| Saudi Arabia | 10% | 5% | 10% |
| Republic of Serbia | 10% | 10% | 10% |
| Singapore | 15% | 10% | 5% |
| Slovakia | 10% | 10% | 10% |
| Slovenia | 15% | 5% | 5% |
| South Africa | 15% | 10% | 10% |
| Spain | 15% | 10% | 10% |
| Sri Lanka | 15% | 10% | 10% |
| Sweden | 15% | 15% | 15% |
| Switzerland | 15% | 10% | 5% |
| Syria | — | — | — |
| Taiwan | 10% | 10% | 10% |
| Tajikistan | 10% | 8% | 10% |
| Thailand | 10% | 15% | 15% |
| Tunisia | 15% | 12% | 15% |
| Turkey | 20% | 15% | 10% |
| Turkmenistan | 10% | 10% | 10% |
| Ukraine | 15% | 5% | 5% |
| United Arab Emirates | 10% | 10% | 10% |
| United Kingdom | 15% | 10% | 10% |
| United States of America | 15% | 12% | 15% |
| Uruguay | 15% | 10% | 10% |
| Uzbekistan | 15% | 5% | 5% |
| Venezuela | 10% | 10% | 10% |
| Vietnam | 10% | 10% | 10% |
| Azerbaijan | 7% | 10% | 10% |
| Bahrain | 10% | 5% | 10% |
| Kyrgyzstan | 10% | 10% | 10% |
| Rwanda | 10% | 10% | 10% |