* indicates monthly or quarterly data series
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Articles on the world economy:
South Korea: Tax rate, percent of commercial profits: For that indicator, The World Bank (doing business survey) provides data for South Korea from 2005 to 2017. The average value for South Korea during that period was 33.18 percent with a minumum of 30.2 percent in 2010 and a maximum of 36.8 percent in 2005. 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.