Paying taxes: Profit tax in Republic of Korea
Republic of Korea: Paying taxes: Profit tax was 18.2% in 2019. ▼ Falling
Paying taxes: Profit tax in Republic of Korea, 2005–2019
Source: World Bank. Measured in % of profits.
Analysis
The most recent figure for paying taxes: profit tax in Republic of Korea is 18.2%, measured in 2019.
The figure is up 4.6% over ten years.
Over the whole period, paying taxes: profit tax in Republic of Korea peaked at 22.8% in 2005 and was at its lowest, 15.6%, in 2010.
That places Republic of Korea 79th out of 190 countries with data for 2019, putting it in the middle of the range.
The long-run direction has been consistently falling across the 15 years of available data.
Paying taxes: Profit tax in Republic of Korea, year by year
| Year | % of profits | Change |
|---|---|---|
| 2005 | 22.8% | — |
| 2006 | 18.5% | -18.9% |
| 2007 | 18.6% | +0.5% |
| 2008 | 18.8% | +1.1% |
| 2009 | 17.4% | -7.4% |
| 2010 | 15.6% | -10.3% |
| 2011 | 19.2% | +23.1% |
| 2012 | 19.2% | +0.0% |
| 2013 | 18.4% | -4.2% |
| 2014 | 18.2% | -1.1% |
| 2015 | 18.2% | +0.0% |
| 2016 | 18.2% | +0.0% |
| 2017 | 18.2% | +0.0% |
| 2018 | 18.2% | +0.0% |
| 2019 | 18.2% | +0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 19.2% | 17.4% | 22.8% | 5 |
| 2010s | 18.2% | 15.6% | 19.2% | 10 |
Countries ranked near Republic of Korea
- 76 Sierra Leone 18.5% compare
- 77 Iran, Islamic Republic of 18.4% compare
- 78 Cape Verde 18.3% compare
- 79 Ecuador 18.2% compare
- 81 Indonesia 18.1% compare
- 82 Israel 18.0% compare
More reference data data for Republic of Korea
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 3.55 (2050)
- Emission Totals - Emissions (N2O) - Burning - Crop residues 0.0294 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 1.13 (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 - Indirect emissions (N2O) - Manure left on Pasture 0.9281 (2050)
- Emission Totals - Emissions (CO2eq) from N2O (AR5) - Manure Management 1,158 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 3.55 (2050)
- Emission Totals - Emissions (CO2eq) from N2O (AR5) - Manure applied 856.33 (2050)
Frequently asked questions
- What is paying taxes: profit tax in Republic of Korea?
- Paying taxes: profit tax in Republic of Korea was 18.2% in 2019, according to the World Bank.
- What is the highest paying taxes: profit tax recorded in Republic of Korea?
- The highest recorded value was 22.8% in 2005.
- What is the lowest paying taxes: profit tax recorded in Republic of Korea?
- The lowest recorded value was 15.6% in 2010.
- How does Republic of Korea rank for paying taxes: profit tax?
- Republic of Korea ranks 79th out of 190 countries with data for 2019.
- Is paying taxes: profit tax rising or falling in Republic of Korea?
- Over the last ten years it is up 4.6%. The long-run trend across the full record is falling.
- Where does this Republic of Korea data come from?
- The figures come from the World Bank, published as part of Paying taxes: Profit tax (% 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 profit tax measures the amount of income taxes borne by the business in the second year of operation, expressed as a share of commercial pro?t.