Effective bank tax rate reached 14.5% in second quarter of 2020 in South Korea, according to the National Central Bank. This is 40.8% less than in the previous quarter.
Historically, effective bank tax rate in South Korea reached an all time high of 83.7% in 4Q2013 and an all time low of -47.7% in 4Q2014.
South Korea has been ranked 36th within the group of 63 countries we follow in terms of effective bank tax rate.
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