Income tax calculator South Korea
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
1,646 원
Income Tax
- 20.42 원
Local Tax
- 2.04 원
National Pension
- 74.07 원
National Health Insurance
- 64.59 원
Employment Insurance
- 14.81 원
Total tax
- 176 원
Net pay
*
1,470 원
Marginal tax rate
10.7%
Average tax rate
10.7%
89.3%
Net pay
10.7%
Total tax
Total tax
Net pay
The Taxberg
1,470 원
Net pay
315 원
Tax the employer pays
176 원
Tax you pay
Total tax paid
491 원
Did you know your employer also pays tax on your salary? It costs the employer 315 원 to pay you 1,646 원. In other words, every time you spend 10 원 of your hard-earned money, 2.98 원 goes to the government.
Real tax rate
25.0%
So, with you and the employer both paying tax, what used to be a 10.7% tax rate now rises to 25.0%, meaning your real tax rate is actually 14.3% higher than what it seemed at first.
Summary
If you make 1,646 원 a year living in South Korea, you will be taxed 176 원. That means that your net pay will be 1,470 원 per year, or 123 원 per month. Your average tax rate is 10.7% and your marginal tax rate is 10.7%. This marginal tax rate means that your immediate additional income will be taxed at this rate. For instance, an increase of 100 원 in your salary will be taxed 10.69 원, hence, your net pay will only increase by 89.31 원.
Bonus Example
A 1,000 원 bonus will generate an extra 893 원 of net incomes. A 5,000 원 bonus will generate an extra 4,466 원 of net incomes.
Compare average tax
Europe
Country
Net pay
Average tax
Rank
United Kingdom
KRW 1643
0.0%
1
Germany
KRW 1645
0.0%
2
Austria
KRW 1645
0.0%
3
Ireland
KRW 1645
0.0%
4
Sweden
KRW 1646
0.0%
5
Norway
KRW 1645
0.0%
6
Netherlands
KRW 1586
3.6%
7
Spain
KRW 1541
6.4%
8
Italy
KRW 1496
9.1%
9
France
KRW 1481
10.0%
10
Luxembourg
KRW 1466
10.9%
11
Czech Republic
KRW 1465
11.0%
12
Russia
KRW 1432
13.0%
13
Hungary
KRW 1341
18.5%
14
Ukraine
KRW 1325
19.5%
15
Switzerland
KRW 1643
2,330.1%
16
Poland
KRW 1294
21.5%
17
Greece
KRW 1286
21.8%
18
Portugal
KRW 1227
25.5%
19
Finland
KRW 1137
30.9%
20
Belgium
KRW 1122
31.8%
21
Romania
KRW 941
42.9%
22
Denmark
KRW 0
100.0%
23
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North America
Country
Net pay
Average tax
Rank
Canada
KRW 1613
1.8%
1
USA
KRW 1492
8.6%
2
Asia / Pacific
Country
Net pay
Average tax
Rank
Australia
KRW 1649
0.0%
1
Singapore
KRW 1641
0.0%
2
Hong Kong
KRW 1647
0.0%
3
Thailand
KRW 1564
5.0%
4
Indonesia
KRW 1501
8.8%
5
Taiwan
KRW 1501
8.9%
6
South Korea
KRW 1470
10.7%
7
New Zealand
KRW 1448
11.7%
8
India
KRW 1449
12.0%
9
China
KRW 1428
13.2%
10
Vietnam
KRW 1400
15.0%
11
Japan
KRW 1338
18.7%
12
Kazakhstan
KRW 1304
20.8%
13
Malaysia
KRW 1076
34.7%
14
Philippines
KRW 674
59.1%
15
Pakistan
KRW 1646
922.2%
16
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Latin America
Country
Net pay
Average tax
Rank
Mexico
KRW 1607
2.4%
1
Puerto Rico
KRW 1534
6.8%
2
Brazil
KRW 1521
7.4%
3
Colombia
KRW 1514
8.0%
4
Ecuador
KRW 1492
9.4%
5
Guatemala
KRW 1488
9.6%
6
Costa Rica
KRW 1473
10.5%
7
Panama
KRW 1462
11.1%
8
Peru
KRW 1441
12.5%
9
Argentina
KRW 1366
17.0%
10
Chile
KRW 1356
17.6%
11
Uruguay
KRW 1348
18.1%
12
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Africa
Country
Net pay
Average tax
Rank
South Africa
KRW 1630
1.0%
1
Angola
KRW 1597
3.0%
2
Morocco
KRW 1535
6.7%
3
Cameroon
KRW 1389
15.6%
4
Nigeria
KRW 1374
16.6%
5
Kenya
KRW 1646
2,781.8%
6
Uganda
KRW 1564
5.0%
7
Ghana
KRW 1556
5.5%
8
Zambia
KRW 1547
6.0%
9
Ivory Coast
KRW 1523
7.5%
10
Senegal
KRW 1646
133.6%
11
Mozambique
KRW 1646
730.9%
12
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Middle East
Country
Net pay
Average tax
Rank
Egypt
KRW 1646
0.0%
1
Saudi Arabia
KRW 1645
0.0%
2
United Arab Emirates
KRW 1564
4.9%
3
Qatar
KRW 1562
4.9%
4
Lebanon
KRW 1531
7.0%
5
Bahrain
KRW 1531
8.9%
6
Oman
KRW 1499
8.9%
7
Kuwait
KRW 1466
11.1%
8
Israel
KRW 1430
13.2%
9
Turkey
KRW 1387
15.8%
10
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NOTE* Withholding is calculated based on the tables of South Korea, income tax. For simplification purposes some variables (such as marital status and others) have been assumed. This document does not represent legal authority and shall be used for approximation purposes only.