VAT
VAT for general taxpayers is 10% in all industries, computed as output tax minus input tax. Simplified taxpayers apply the value-added ratio set for each industry to the same rate. Reference: National Tax Service of Korea.
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VAT for general taxpayers is 10% in all industries, computed as output tax minus input tax. Simplified taxpayers apply the value-added ratio set for each industry to the same rate. Reference: National Tax Service of Korea.
Corporate tax for fiscal years starting on or after 1 January 2026: 10% up to KRW 200 million of taxable income, 20% above that up to 20 billion, 22% up to 300 billion and 25% above (progressive brackets). Small-scale corporations defined by law start at 20%. Reference: National Tax Service of Korea, corporate tax rates from 2026.