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Taxes on Income, Profits and Capital Gains (Local Currency) in South Korea

Source: World Bank
Last Updated: April 1, 2024

Taxes on income, profits and capital gains reached KRW 153,919 bil in 2020 in South Korea, according to the National Statistical Office. This is 3.48% less than in the previous year.

Historically, taxes on income, profits and capital gains in South Korea reached an all time high of KRW 160,331 bil in 2018 and an all time low of KRW 159 bil in 1972.

South Korea has been ranked 2nd within the group of 109 countries we follow in terms of taxes on income, profits and capital gains.

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