Korea vs Libya: Paying taxes: Total tax and contribution rate
Paying taxes: Total tax and contribution rate over time
- Korea
- Libya
How they compare
Korea currently reports 33.2% against 32.6% in Libya, a difference of 0.6%.
Across all 8 years both countries report, Korea has been ahead every year.
Korea ranks 123rd and Libya ranks 126th of 190 countries.
Korea has averaged higher in every one of the 1 decades both report.
Frequently asked questions
- Which has higher paying taxes: total tax and contribution rate, Korea or Libya?
- Korea, at 33.2% against 32.6% in Libya as of 2019.
- What is the difference in paying taxes: total tax and contribution rate between Korea and Libya?
- 0.6%, with Korea ahead.
- How many years of comparable data are there for Korea and Libya?
- 8 years are reported by both, from 2012 to 2019.
- How do Korea and Libya rank globally for paying taxes: total tax and contribution rate?
- Korea ranks 123rd and Libya ranks 126th of 190 countries.
- Where does this data come from?
- The World Bank, published as Paying taxes: Total tax and contribution rate (% of profit). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
The total tax and contribution rate measures the amount of taxes and mandatory contributions borne by the business in the second year of operation, expressed as a share of commercial pro?t. The total amount of taxes and contributions borne is the sum of all the different taxes and contributions payable after accounting for allowable deductions and exemptions. The taxes withheld (such as personal income tax) or collected by the company and remitted to the tax authorities (such as VAT, sales tax or goods and service tax) but not borne by the company are excluded.