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- South Korea 2020
Country-year
South Korea 2020
27.5 %Combined corporate income tax rate
$54,250Average annual wage, US$ PPP
Facts
- Combined corporate income tax rate
- 27.5 %
- Average annual wage, US$ PPP
- $54,250
- Country
- South Korea
- Year
- 2020
- Corporate income tax rate, central government
- 25.0 %
- Corporate income tax rate, sub-central
- 2.5 %
- Central CIT rate net of sub-central deduction
- 25.0 %
- Top marginal rate incl. employee social security
- 48.6 %
- Top rate threshold, × average wage
- 11.74×
- Average annual wage, national currency
- 46,753,752
Sources: OECD Corporate Tax Statistics, OECD Tax Database, World Bank WDI (CC BY 4.0)