Personal Income Tax Rate in South Korea averaged 37.47 percent from 2004 until 2020, reaching an all time high of 42 percent in 2018 and a record low of 35 percent in 2005. This page provides - South Korea Personal Income Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea Personal Income Tax Rate - values, historical data and charts - was last updated on April of 2021.
Personal Income Tax Rate in South Korea is expected to reach 40.00 percent by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Korea Personal Income Tax Rate is projected to trend around 40.00 percent in 2022 and 42.00 percent in 2023, according to our econometric models.