South Korea: Commercial tax rate

* indicates monthly or quarterly data series
 South Korea

Tax rate, percent of commercial profits

 Latest value 33.2
 Reference 2019
 Measure percent
 Source The World Bank (doing business survey)

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 184 countries is 40.53 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series

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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.
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