Paying taxes: Labor tax and contributions in Republic of Korea
Republic of Korea: Paying taxes: Labor tax and contributions was 13.7% in 2019. ▲ Rising
Paying taxes: Labor tax and contributions in Republic of Korea, 2005–2019
Source: World Bank. Measured in % of profits.
Analysis
The most recent figure for paying taxes: labor tax and contributions in Republic of Korea is 13.7%, measured in 2019. That is the highest value across all 15 years on record.
The figure is up 1.5% on the previous year and up 3.8% over ten years.
Over the whole period, paying taxes: labor tax and contributions in Republic of Korea peaked at 13.7% in 2019 and was at its lowest, 11.4%, in 2007.
Republic of Korea ranks 94th of 190 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 15 years of available data.
Paying taxes: Labor tax and contributions in Republic of Korea, year by year
| Year | % of profits | Change |
|---|---|---|
| 2005 | 12.2% | — |
| 2006 | 12.2% | +0.0% |
| 2007 | 11.4% | -6.6% |
| 2008 | 13.4% | +17.5% |
| 2009 | 13.2% | -1.5% |
| 2010 | 12.9% | -2.3% |
| 2011 | 13.2% | +2.3% |
| 2012 | 13.4% | +1.5% |
| 2013 | 13.6% | +1.5% |
| 2014 | 13.6% | +0.0% |
| 2015 | 13.6% | +0.0% |
| 2016 | 13.6% | +0.0% |
| 2017 | 13.5% | -0.7% |
| 2018 | 13.5% | +0.0% |
| 2019 | 13.7% | +1.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 12.5% | 11.4% | 13.4% | 5 |
| 2010s | 13.5% | 12.9% | 13.7% | 10 |
Countries ranked near Republic of Korea
More reference data data for Republic of Korea
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.9638 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.9281 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 3.55 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.2074 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 3.55 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 3.23 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 4.37 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 5.17 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 19.85 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 1.13 (2050)
Frequently asked questions
- What is paying taxes: labor tax and contributions in Republic of Korea?
- Paying taxes: labor tax and contributions in Republic of Korea was 13.7% in 2019, according to the World Bank.
- What is the highest paying taxes: labor tax and contributions recorded in Republic of Korea?
- The highest recorded value was 13.7% in 2019.
- What is the lowest paying taxes: labor tax and contributions recorded in Republic of Korea?
- The lowest recorded value was 11.4% in 2007.
- How does Republic of Korea rank for paying taxes: labor tax and contributions?
- Republic of Korea ranks 94th out of 190 countries with data for 2019.
- Is paying taxes: labor tax and contributions rising or falling in Republic of Korea?
- Over the last ten years it is up 3.8%. The long-run trend across the full record is rising.
- Where does this Republic of Korea data come from?
- The figures come from the World Bank, published as part of Paying taxes: Labor tax and contributions (% of profits). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 15 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The labor tax and contributions measures all government mandated labor contributions that are borne by the business in the second year of operation, expressed as a share of commercial pro?t.