(measure: percent; Source: The World Bank (doing business survey))
* indicates monthly or quarterly data series
South Korea: Tax rate, percent of commercial profits
For that indicator, we provide data for South Korea from 2005 to 2019. The average value for South Korea during that period was 33.18 percent with a minimum of 30.2 percent in 2010 and a maximum of 36.8 percent in 2005.
The latest value from 2019 is 33.2 percent. For comparison, the world average in 2019 based on 185
countries is 40.56 percent.
See the global rankings for that indicator or
use the country comparator to compare trends over time.
Definition: Total tax rate measures the amount of taxes and mandatory contributions payable by businesses after accounting for allowable deductions and exemptions as a share of commercial profits. Taxes withheld (such as personal income tax) or collected and remitted to tax authorities (such as value added taxes, sales taxes or goods and service taxes) are excluded.