Personal Income Tax Rate in South Korea averaged 38.60 percent from 2004 until 2023, reaching an all time high of 45.00 percent in 2021 and a record low of 35.00 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 June of 2023.
Personal Income Tax Rate in South Korea is expected to reach 45.00 percent by the end of 2023, 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 45.00 percent in 2024, according to our econometric models.