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South Korea Personal Income Tax Rate

Taxes
South Korea
Source: South Korea Personal Income Tax Rate, released on Dec 31 by National Tax Service, South Korea
45.00%
Overview
Current Value
45.00%
Average Value (10 years)
42.20%
Statistical Analysis
Current Status
Abnormal
Historical Average
42.20%
Long-term mean
Historical Data
DateValueChange
12-31-202445.00%0.00%
12-31-202345.00%0.00%
12-31-202245.00%0.00%
12-31-202145.00%+3.00%
12-31-202042.00%0.00%
Forecast & Analysis

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Next Period Forecast
45.00%
3-Month Outlook
Moderate Growth
Based on economic models
12-Month Outlook
Stable
Long-term projection

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Key Information
Current Value45.00%
Average Value (10 years)42.20%

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Economic data last updated May 18, 2025