Korea - Total tax rate

Total tax rate (% of commercial profits)

Total tax rate (% of commercial profits) in Korea was 33.20 as of 2019. Its highest value over the past 14 years was 36.80 in 2005, while its lowest value was 30.20 in 2010.

Definition: Total tax rate measures the amount of taxes and mandatory contributions payable by businesses after accounting for allowable deductions and exemptions as a share of commercial profits. Taxes withheld (such as personal income tax) or collected and remitted to tax authorities (such as value added taxes, sales taxes or goods and service taxes) are excluded.

Source: World Bank, Doing Business project (http://www.doingbusiness.org/).

See also:

Year Value
2005 36.80
2006 32.50
2007 31.60
2008 33.90
2009 32.30
2010 30.20
2011 34.10
2012 34.00
2013 33.40
2014 33.20
2015 33.20
2016 33.10
2017 33.10
2018 33.10
2019 33.20

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Business environment