Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
220,788 원
Income Tax
- 2,739 원
Local Tax
- 274 원
National Pension
- 9,935 원
National Health Insurance
- 8,664 원
Employment Insurance
- 1,987 원
Total tax
- 23,599 원
Net pay
* 197,189 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
197,189 원
Net pay
42,224 원
Tax the employer pays
23,599 원
Tax you pay
Total tax paid
65,823 원
Did you know your employer also pays tax on your salary? It costs the employer 42,224 원 to pay you 220,788 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 220,788 원 a year living in South Korea, you will be taxed 23,599 원. That means that your net pay will be 197,189 원 per year, or 16,432 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.
Europe
Country 
Net pay
Average tax
Rank
United Kingdom
KRW 220782
0.0%
1
Germany
KRW 220786
0.0%
2
Austria
KRW 220786
0.0%
3
Ireland
KRW 220786
0.0%
4
Sweden
KRW 220788
0.0%
5
Norway
KRW 220788
0.0%
6
Spain
KRW 206770
6.4%
7
Italy
KRW 200502
9.2%
8
France
KRW 199366
9.7%
9
Czech Republic
KRW 196501
11.0%
10
Luxembourg
KRW 196389
11.1%
11
Russia
KRW 192086
13.0%
12
Hungary
KRW 179942
18.5%
13
Ukraine
KRW 177734
19.5%
14
Poland
KRW 173370
21.5%
15
Greece
KRW 172545
21.9%
16
Switzerland
KRW 168031
23.9%
17
Portugal
KRW 164378
25.6%
18
Finland
KRW 152890
30.8%
19
Belgium
KRW 150137
32.0%
20
Netherlands
KRW 139098
37.0%
21
Romania
KRW 129163
41.5%
22
Denmark
KRW 18365
93.2%
23
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North America
Country 
Net pay
Average tax
Rank
Canada
KRW 217295
1.6%
1
USA
KRW 201675
8.7%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Australia
KRW 220788
0.0%
1
Singapore
KRW 220787
0.0%
2
Hong Kong
KRW 220788
0.0%
3
Thailand
KRW 209749
5.0%
4
Pakistan
KRW 205609
6.9%
5
Indonesia
KRW 201359
8.8%
6
Taiwan
KRW 201246
8.9%
7
South Korea
KRW 197189
10.7%
8
New Zealand
KRW 194539
11.9%
9
India
KRW 194293
12.0%
10
China
KRW 191678
13.2%
11
Malaysia
KRW 189478
14.2%
12
Vietnam
KRW 187725
15.0%
13
Japan
KRW 179409
18.7%
14
Kazakhstan
KRW 174864
20.8%
15
Philippines
KRW 168383
23.7%
16
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Latin America
Country 
Net pay
Average tax
Rank
Mexico
KRW 215544
2.4%
1
Brazil
KRW 204228
7.5%
2
Puerto Rico
KRW 203237
8.0%
3
Colombia
KRW 203125
8.0%
4
Ecuador
KRW 199929
9.5%
5
Guatemala
KRW 199619
9.6%
6
Costa Rica
KRW 197605
10.5%
7
Panama
KRW 196504
11.0%
8
Peru
KRW 193189
12.5%
9
Argentina
KRW 183254
17.0%
10
Chile
KRW 181929
17.6%
11
Uruguay
KRW 180825
18.1%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
KRW 218580
1.0%
1
Uganda
KRW 209749
5.0%
2
Ghana
KRW 208645
5.5%
3
Zambia
KRW 207540
6.0%
4
Morocco
KRW 205907
6.7%
5
Ivory Coast
KRW 204229
7.5%
6
Senegal
KRW 199744
9.5%
7
Angola
KRW 196140
11.2%
8
Cameroon
KRW 186283
15.6%
9
Nigeria
KRW 183773
16.8%
10
Mozambique
KRW 180268
18.4%
11
Kenya
KRW 174575
20.9%
12
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Middle East
Country 
Net pay
Average tax
Rank
Egypt
KRW 220788
0.0%
1
Saudi Arabia
KRW 220787
0.0%
2
United Arab Emirates
KRW 209750
5.0%
3
Qatar
KRW 209749
5.0%
4
Bahrain
KRW 203130
8.0%
5
Oman
KRW 203114
8.0%
6
Lebanon
KRW 202948
8.1%
7
Kuwait
KRW 196491
11.0%
8
Israel
KRW 191754
13.2%
9
Turkey
KRW 185994
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.