Paying taxes: Total tax and contribution rate in Korea
Korea: Paying taxes: Total tax and contribution rate was 33.2% in 2019. ▬ Flat
Paying taxes: Total tax and contribution rate in Korea, 2005–2019
Source: World Bank. Measured in % of profit.
Analysis
The most recent figure for paying taxes: total tax and contribution rate in Korea is 33.2%, measured in 2019.
That represents a change of up 0.3% on the previous year and up 2.8% over ten years.
Over the whole period, paying taxes: total tax and contribution rate in Korea peaked at 36.8% in 2005 and was at its lowest, 30.2%, in 2010.
That places Korea 123rd out of 190 countries with data for 2019, putting it in the middle of the range.
Paying taxes: Total tax and contribution rate in Korea, year by year
| Year | % of profit | Change |
|---|---|---|
| 2005 | 36.8% | — |
| 2006 | 32.5% | -11.7% |
| 2007 | 31.6% | -2.8% |
| 2008 | 33.9% | +7.3% |
| 2009 | 32.3% | -4.7% |
| 2010 | 30.2% | -6.5% |
| 2011 | 34.1% | +12.9% |
| 2012 | 34.0% | -0.3% |
| 2013 | 33.4% | -1.8% |
| 2014 | 33.2% | -0.6% |
| 2015 | 33.2% | +0.0% |
| 2016 | 33.1% | -0.3% |
| 2017 | 33.1% | +0.0% |
| 2018 | 33.1% | +0.0% |
| 2019 | 33.2% | +0.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 33.4% | 31.6% | 36.8% | 5 |
| 2010s | 33.1% | 30.2% | 34.1% | 10 |
Countries ranked near Korea
More reference data data for 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: total tax and contribution rate in Korea?
- Paying taxes: total tax and contribution rate in Korea was 33.2% in 2019, according to the World Bank.
- What is the highest paying taxes: total tax and contribution rate recorded in Korea?
- The highest recorded value was 36.8% in 2005.
- What is the lowest paying taxes: total tax and contribution rate recorded in Korea?
- The lowest recorded value was 30.2% in 2010.
- How does Korea rank for paying taxes: total tax and contribution rate?
- Korea ranks 123rd out of 190 countries with data for 2019.
- Is paying taxes: total tax and contribution rate rising or falling in Korea?
- Over the last ten years it is up 2.8%. The long-run trend across the full record is flat.
- Where does this Korea data come from?
- The figures come from the World Bank, published as part of Paying taxes: Total tax and contribution rate (% of profit). Statizoid updates them automatically from the source API.
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CSV · JSON — 15 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.