Effective bank tax rate reached 28.3% in 2016 in South Korea, according to the National Central Bank. This is 10.7% more than in the previous year.
Historically, effective bank tax rate in South Korea reached an all time high of 34.4% in 1994 and an all time low of -29.5% in 2000.
South Korea has been ranked 29th within the group of 99 countries we follow in terms of effective bank tax rate.
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